Resistance

<ul class="list-ic vertical">
 <li><span>1</span> <a>SUI price prediction says the bull run has begun and new highs may be visible soon.</a></li>
 <li><span>2</span> <a>The trend of Sui crypto is in the upward direction.&nbsp;</a></li>
 <li><span>3</span> <a>This coin displayed a massive breakout from the $1.00 hurdle.</a></li>
</ul>
<p>SUI price prediction suggests the rally has just begun and more scope for upside is open. It jumped 29% approximately in the last trading session and broke out of the $1.00 hurdle.&nbsp;</p>
<p>The sudden rise in this crypto has triggered positive sentiment and boosted the confidence of its existing investors. The trend of Sui crypto is in an upward direction which is attracting new participants. So, the price may rise further and are likely to perform well in the coming weeks.&nbsp;</p>
<p>In the recent surge in Sui, the buying volume also increased rapidly. It is an indication that big players might have injected the money and expecting outperformance in the coming months.&nbsp;</p>
<p>The breakout of the $1.00 hurdle is supported by a massive volume. So, it increases the reliability of the breakout and the price is likely to sustain the higher levels.&nbsp;</p>
<p>In the last few weeks, <a href="https://www.thecoinrepublic.com/2024/01/04/sui-price-trend-and-expectations-for-2024-2029-technical-outlook/" rel="noopener noreferrer nofollow">SUI </a>traded in a narrow range between $0.6876 to $0.9250. Luckily buyers took over the control and succeeded in breaking the higher range.&nbsp;</p>
<p>Presently, the $0.9250 level has turned out to be strong support. So, any retracement toward support will be an opportunity to build fresh longs.</p>
<h2 class="wp-block-heading" id="strong-sui-price-holds-1-00-what-s-the-next-destination-strong"><strong>SUI Price Holds $1.00; What’s the Next Destination?</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-us.googleusercontent.com/H7VLeAOfA56_K5VkqjLMhNnGnCPGYGb-jS3YQPyEogAQytTGxqt7dnl1GG6ElU_FgarI8XyujgShLiUe2KaNCcYI3YgYlAquIlVrvDY9AhUN1QPdrHHVWpLsQY1Ud82mktspoQajbwWmjUR6Se7nQSs" alt="SUI Price Jumped 29%; Is the $1.00 Breakout in Sui Reliable?">
  <figcaption class="wp-element-caption">
   Source: <a href="https://www.tradingview.com/x/dWj0Uny2/" rel="noopener noreferrer nofollow">SUI/USDT</a> daily chart by Tradingview
  </figcaption>
 </figure>
</div>
<p>SUI price begins the next phase of rally and journey toward the $1.5000 level. If the buyers succeed in giving the follow-up momentum, the price may break the next hurdle placed at the $1.2542 level.&nbsp;</p>
<p>Currently, the <a href="https://www.thecoinrepublic.com/2024/01/04/sui-price-trend-and-expectations-for-2024-2029-technical-outlook/" rel="noopener noreferrer nofollow">Sui crypto</a> is trading at $1.1050 with an intraday rise of 1.13%. As long as the price is sustained above the 50-day EMA, the buyers will remain active and more upside is possible.&nbsp;</p>
<p>However, for any reason, if the price retraces downward, the EMA will act as an immediate support for the bulls.&nbsp;</p>
<h3 class="wp-block-heading" id="strong-sui-coin-will-bulls-lead-the-rally-strong"><strong>Sui Coin: Will Bulls Lead the Rally?</strong></h3> 
<div class="tradingview-widget-container">
 <div class="tradingview-widget-container__widget"></div>
 <div class="tradingview-widget-copyright"><a href="https://www.tradingview.com/" rel="noopener noreferrer nofollow" target="_blank"><span class="blue-text">Track all markets on TradingView</span></a>
 </div>
 <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-advanced-chart.js" async>
  {
  "width": "900",
  "height": "550",
  "symbol": "BINANCE:SUIUSDT",
  "interval": "D",
  "timezone": "Etc/UTC",
  "theme": "light",
  "style": "1",
  "locale": "en",
  "enable_publishing": true,
  "allow_symbol_change": true,
  "studies": [
    "STD;RSI",
    "STD;Supertrend"
  ],
  "support_host": "https://www.tradingview.com"
}
  </script>
</div> 
<p>Sui coin is up by 39.54% in the current week and positive momentum is intact. The majority of the gain came in the last trading session. So, bulls may lead the rally and push the price to new highs.&nbsp;</p>
<p>The MACD curve displayed a sharp positive crossover and the histogram formed a green bar. It indicates that bullish momentum may continue in the coming months. Whereas the RSI reached 70 denotes overbought territory, so the price might cool off from higher levels before resuming the rally.&nbsp;</p>
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4>
<p>SUI price prediction is highly bullish for January as well as for February 2024. The recent breakout looks powerful and reliable, so new swing highs are possible. The analysis suggests this crypto may rise further and reward the investors in the long run.&nbsp;</p>
<h5 class="wp-block-heading"><strong>Technical levels</strong></h5>
<ul>
 <li>Resistance levels: $1.2542 and $1.4000</li>
 <li>Support levels: $0.9250 and $0.7534</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. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

SUI Price Jumped 29%; Is the $1.00 Breakout in Sui Reliable?

Table of Contents

Thecoinrepublic.com

Other articles published on Jan 12, 2024

Do Kwon Seeks Trial Adjournment Due to Extradition Delays in SEC vs. Terraform Labs Case

Investors Bet Big on Blockchain Gaming: SkyArk Secures $15M Funding

Grayscale applies for a covered call Bitcoin ETF

Ethereum ETFs: Speculations on SEC Approval and Classification as a Commodity

Bitcoin and Bitcoin Cash: Volatility and Market Dynamics

Will XYO Price Bounceback from the Current Dynamic Support?

Join our free newsletter for daily crypto updates!