You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/suis-market-movements-and-analyst-predictions/" data-wpel-link="internal" rel="noopener noreferrer nofollow">SUI’s Market Movements and Analyst Predictions</a> 
The world has witnessed the creation of new wealth through airdrops, a long-standing process in <a href="https://en.coin-turk.com/investors-shift-focus-from-bitcoin-to-altcoins/" data-wpel-link="internal" rel="noopener noreferrer nofollow">cryptocurrencies</a>. Numerous projects have recently conducted various airdrops, allocating a portion of their supply to early users and those using their <a href="https://newslinker.co/category/mobile/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">applications</a> and networks, triggering positive outcomes. SUI was one of the projects that experienced an airdrop event. By mid-2023, when the market was relatively stagnant, SUI’s entry into the market satisfied the involved users.
<h2 style="text-align: justify" id="sui-comments">SUI Comments</h2>
After a year since SUI entered the market, price fluctuations were reflected in the charts. When the project was listed on exchanges, it traded at $1.4, but after market crashes, it fell to $0.5. When this ended, in April 2024, SUI rose to $2 in parallel with the market’s rise.
Today, although the long-standing decline seemed to reverse in recent days, SUI was again dominated by a downward trend. Despite this, three different analysts made statements with an expectation of a rise in SUI.
First, Crypto Shango, known for his comments on X, focused on a decline followed by a rise in his statement on X.
<blockquote>
 Nice preparation in SUI.
 The only coin with a major upward structure.
 We also know these.
 0.618 fib level, Demand zone, and Liquidity exit complete.
</blockquote>
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-387695" src="https://coin-turk.com/wp-content/uploads/2024/09/sui-shago-coin-turk-com.jpg" alt="" width="1911" height="1027">
Another well-known analyst, Altcoin Sherpa, indicated a potential entry point in his statement.
<blockquote>
 $0.87 would be a good entry for $SUI.
</blockquote>
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-387696" src="https://coin-turk.com/wp-content/uploads/2024/09/altcoin-sherpa-sui-coin-turk-com.jpg" alt="" width="2168" height="1179">
Lastly, another analyst, Yoddha, who made statements on X, advised <a href="https://finance.coin-turk.com/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">investors</a> to keep an eye on the SUI ecosystem and added:
<blockquote>
 $SUI currently has one of the reasonable charts. Don’t take your eyes off the SUI ecosystem.
</blockquote>
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-387697" src="https://coin-turk.com/wp-content/uploads/2024/09/yoddha-coin-turk-com-scaled.jpg" alt="" width="2560" height="1843">
<h2 style="text-align: justify" id="how-much-is-sui-worth">How Much is SUI Worth?</h2>
Despite a 10% price increase yesterday, Bitcoin remained stable, but SUI experienced declines. After a 1.78% drop in the last 24 hours, SUI fell to $0.918, moving further away from the $1 level for now.
SUI’s market cap fell to $2.4 billion, maintaining its position at 31st place. The 24-hour trading volume, which increased with yesterday’s rise, also dropped by 26.63%, amounting to $295 million.
The post <a href="https://en.coin-turk.com/suis-market-movements-and-analyst-predictions/" data-wpel-link="internal" rel="noopener noreferrer nofollow">SUI’s Market Movements and Analyst Predictions</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.

SUI’s Market Movements and Analyst Predictions

Table of Contents

COINTURK NEWS

Other articles published on Sep 9, 2024

Rise of PolitiFi Tokens – Top Three Investments for September 2024

Bitcoin (BTC) long-term investors withdraw $728 million from crypto exchanges

Ethereum Foundation Sells 550 ETH, Raising Market Concerns

Bybit's 14th Proof of Reserve Shows Surge in BTC, ETH Holdings!

Will Bitcoin Rebound 20% This Week Amid Key Economic Data?

Bitcoin could soar by 62% if this happens: Wall Street analyst

Join our free newsletter for daily crypto updates!