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The post <a href="https://coinpedia.org/price-analysis/is-sui-price-about-to-skyrocket-sui-token-prediction/">Is SUI Price About To Skyrocket? SUI Token Prediction</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
<a href="https://markets.coinpedia.org/sui/">SUI token </a>is now showing signs of recovery from the drastic fall from its all-time high (ATH) on March 27. The Defi coin still is undervalued as its market cap stands at just 27 Billion USD.&nbsp; 
However, SUI has now gained investors’ attention with an increase in its network activity. The Daily active address jumped from 960K&nbsp; to 1.2 million in one day, the Dex Volume dupped from $82M to $32M. However, the TVL for the SUI network remains the same at around $718 M. 
SUI price at the time of writing is $1.12 with a 24-hour change of 3.83% and moved up by 11.6% in the past week. There is a neutral sentiment as of the current market trend, however, the long-term sentiment looks bullish at the price of SUI coin could hit $1.9 to $2.5 by the end of 2024. 
<h2 class="wp-block-heading" id="h-sui-token-analysis">SUI Token Analysis</h2> 
The 4-hr chart of SUI/USDT anticipated the support low at $1 and $0.98, wherein the resistance is plotted at $1.17. The Price is trading above all the mid-term, and long-term moving averages.&nbsp; 
A little deeper side analysis shows the SUI price trading and the super trend Line indicating a bullish trend. The Money Flow Index (MFI) reading at 77 shows the price approaching overbought territory and might face slight correction after a slide up.&nbsp; 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXd2ATQ1spOh9UQDBGKIQ-IH9q8xTlxljtO2LNCiQwxQ0Z4wzehhe_p913ZElXxZctrMZvjzPdwdtBvFf9GS0xln_xdwbowQlbfcaQdKMjZcvKbwR6IhvJjUmQhEN2Bm3iJyuXyrMUX7Bm7W6dRQF69eW8U?key=d7CJf886QRe9O4gpcZ8LGA" alt="">
</figure> 
<h2 class="wp-block-heading" id="h-will-the-sui-price-pump-nbsp">Will the SUI Price Pump?&nbsp;</h2> 
Yes, the SUI On the long-term trend is bullish about its increasing network activity, buyers’ attention, and in favor of technicals. 
If the $1 critical support level is compromised the SUI may find rest at the $0,9 zone, marking another term of undervaluations and a buying opportunity. If buyers continue the same energy the asset is likely to flip $ $1.16 resistance into support and more optimistically it can aks reclaim its ATH of $2.14.&nbsp; 
With the overall market trend, SUI in the short term may face slight rejection and trade sideways for a while but the long-term trajectory is Bullish.&nbsp;

Is SUI Price About To Skyrocket? SUI Token Prediction

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