Show

Million

Resistance

<ul class="list-ic vertical">
 <li><span>1</span> <a>Sui (SUI) price is down 4.59% in the past 24 hours and currently trades at $0.397.</a></li>
 <li><span>2</span> <a>SUI crypto price illustrates that the price suffered rejection from the upper trendline of the declining channel pattern.&nbsp;</a></li>
 <li><span>3</span> <a>Sui crypto price suffered rejection from the 50-day EMA and declined to break below the recent support.&nbsp;</a></li>
</ul>
<p>Sui crypto price declined 4.59% in intraday and might decline more by the end of the session. The crypto price suffered rejection from the upper boundary of the declining parallel channel pattern and declined to break below the recent support level.&nbsp;</p>
<p>Moreover, the bulls attempted to surge the price higher after a consolidation followed by a breakout. However, the SUI crypto price suffered rejection from the 50-day EMA and formed a bearish engulfing pattern. Thereafter, the bears dominated the trend and dragged the price below the recent support level.&nbsp;<br><br>The volume analysis shows that the SUI price has received a trading volume of $88.6 Million in the past 24 hours which is 81.12% more than the last day. The crypto has a market cap of $341.564 Million and ranks 89th in the market. The volume-to-market-cap ratio is 25.51% indicating high volatility in the market.</p>
<h2 class="wp-block-heading" id="strong-sui-price-made-breakdown-of-recent-support-strong"><strong>Sui Price Made Breakdown of Recent Support&nbsp;</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img decoding="async" loading="lazy" width="1024" height="478" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-474-1024x478.png" alt="Sui Price Prediction 2023: Can SUI Crypto Price Crash More?" class="wp-image-176404" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-474-1024x478.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-474-300x140.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-474-768x359.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-474-1536x717.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-474-750x350.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-474-1140x532.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-474.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: SUI/USD By <a href="https://www.tradingview.com/x/E9ff22G1/" rel="noopener noreferrer nofollow">TradingView</a>
  </figcaption>
 </figure>
</div>
<p>The <a href="https://www.thecoinrepublic.com/2023/09/29/sui-will-sui-crypto-price-boost-upward-to-the-next-target-of-1/" rel="noopener noreferrer nofollow">Sui price</a> currently trades at $0.397 with an intraday loss of 4.59%. The Sui crypto price trend seems bearish dominated in the short term as the price has made a breakdown of the recent support formed and has suffered rejection from the upper levels in the last session.<br><br>The SUI price may continue to drop in the coming session until it faces a strong support zone on the downside. The volume increase along with the price decline is supporting the continuation of the price decline.&nbsp;&nbsp;</p>
<h3 class="wp-block-heading" id="strong-technical-indicators-show-bears-dominating-the-trend-strong"><strong>Technical Indicators Show Bears Dominating The Trend.&nbsp;</strong></h3>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" loading="lazy" width="1600" height="747" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-485.png" alt="Sui Price Prediction 2023: Can SUI Crypto Price Crash More?" class="wp-image-176429" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-485.png 1600w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-485-300x140.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-485-1024x478.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-485-768x359.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-485-1536x717.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-485-750x350.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-485-1140x532.png 1140w" sizes="(max-width: 1600px) 100vw, 1600px">
  <figcaption class="wp-element-caption">
   Source: SUI/USD By <a href="https://www.tradingview.com/x/E9ff22G1/" rel="noopener noreferrer nofollow">TradingView</a>
  </figcaption>
 </figure>
</div>
<p>At press time, the RSI Line and SMA line are showing a negative crossover indicating the bulls have lost control and bears are gaining. The RSI line is also below the mean line and is headed downwards indicating weakness over the chart.&nbsp;</p>
<p>The EMA analysis shows that the <a href="https://www.thecoinrepublic.com/2023/09/29/sui-will-sui-crypto-price-boost-upward-to-the-next-target-of-1/" target="_blank" rel="noopener noreferrer nofollow">SUI price</a> suffered rejection from the 50-day EMA and slipped below indicating the dominance of sellers at the upper levels. The crypto price still trades below the 200-day EMA indicating a bearish trend prevailed.&nbsp;</p>
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4>
<p>Sui is a crypto platform that is in a bearish trend in the short term. The price declined 4.59% and broke below the recent support level. The price faced rejection from the 50-day EMA and the upper boundary of the declining channel. The price is at $0.397 and may drop more. The volume-to-market-cap ratio is 25.51%, indicating high volatility. The price needs a strong support zone to stop the decline. The volume increase supports the bearish trend.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<ul>
 <li><strong>Support Levels:</strong> $0.393 and $0.362</li>
 <li><strong>Resistance Levels:</strong> $0.426 and $0.484</li>
</ul>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.&nbsp;</p>

Sui Price Prediction 2023: Can SUI Crypto Price Crash More?

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