Bitcoin

Bold

<p>This week is going pretty well for crypto, with Bitcoin now well above $58k. Some altcoins are pumping as well, and among the top gainers today is, once again, SUI.</p>
<p>We say “again” because SUI has been consistently in the top gainers list over the past few weeks. This is currently one of the <a href="https://captainaltcoin.com/layer-1-blockchains/" target="_blank" rel="noopener noreferrer nofollow">fastest-growing L1 blockchains</a> in the crypto space.</p>
<p>The SUI price pumped 17% today, pushing it above the psychological $1 level. This area acted as strong resistance twice in August, so flipping it into support would be a positive sign for SUI holders.</p>
<p>Crypto trader “Kong,” who has a massive following on X with over 130k followers, posted a SUI chart predicting more pumps on the horizon.</p>
<h2 class="wp-block-heading" id="sui-chart-technical-analysis-breakdown">SUI Chart: Technical Analysis Breakdown</h2>
<p>Kong’s chart reveals several interesting technical patterns and indicators. An inverse head and shoulders pattern has formed, with the left shoulder near the $0.70–$0.80 range, <a href="https://captainaltcoin.com/why-is-sui-price-dipping-when-crypto-market-is-up/" target="_blank" rel="noopener noreferrer nofollow">the head dipping</a> to around $0.60, and the right shoulder bouncing off the $0.75–$0.80 region. The recent breakout above the neckline of this pattern is fueling the current bullish momentum.</p>
<p>The 17% pump today suggests buying pressure, confirmed by the breakout from the inverse head and shoulders pattern. This pattern often signals a bullish reversal, indicating potential for further upward movement.</p>
<figure class="wp-block-image aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="481" src="https://captainaltcoin.com/wp-content/uploads/2024/09/GXLOgqMWEAAyaR--1024x481.jpeg" alt="" class="wp-image-553658" srcset="https://captainaltcoin.com/wp-content/uploads/2024/09/GXLOgqMWEAAyaR--1024x481.jpeg 1024w, https://captainaltcoin.com/wp-content/uploads/2024/09/GXLOgqMWEAAyaR--300x141.jpeg 300w, https://captainaltcoin.com/wp-content/uploads/2024/09/GXLOgqMWEAAyaR--767x360.jpeg 767w, https://captainaltcoin.com/wp-content/uploads/2024/09/GXLOgqMWEAAyaR--1536x721.jpeg 1536w, https://captainaltcoin.com/wp-content/uploads/2024/09/GXLOgqMWEAAyaR--2048x962.jpeg 2048w, https://captainaltcoin.com/wp-content/uploads/2024/09/GXLOgqMWEAAyaR--319x150.jpeg 319w, https://captainaltcoin.com/wp-content/uploads/2024/09/GXLOgqMWEAAyaR--100x47.jpeg 100w, https://captainaltcoin.com/wp-content/uploads/2024/09/GXLOgqMWEAAyaR--745x350.jpeg 745w, https://captainaltcoin.com/wp-content/uploads/2024/09/GXLOgqMWEAAyaR--788x370.jpeg 788w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption"><em><strong>Source: <a href="https://x.com/KongBTC/status/1833755169504313684" target="_blank" rel="noopener noreferrer nofollow">X/@KongBTC</a></strong></em>
 </figcaption>
</figure>
<p>Additionally, the SUI chart shows an EMA ribbon crossover just before the price rally, which is typically considered a bullish sign. Key support remains around $0.85–$0.90, a level to watch if a pullback occurs after today’s pump.</p>
<h2 class="wp-block-heading" id="sui-price-forecast">SUI Price Forecast</h2>
<p>Looking ahead, several key levels and targets emerge. The immediate target appears to be around the $1.20 level, based on previous structure and resistance levels. If momentum continues, we could see <a href="https://captainaltcoin.com/where-is-the-sui-price-headed-next-after-a-20-pump/" target="_blank" rel="noopener noreferrer nofollow">the SUI price testing</a> the $1.50 range, with potential long-term targets in the $2.00–$3.00 range.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Celebrate Dogecoin and Make Big Gains with Doge2014!
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p><strong><a href="https://doge2014.io" target="_blank" rel="noopener noreferrer nofollow">Doge2014</a></strong> raises 300K in days celebrating Dogecoin. Make potentially big profits and get in on <strong><a href="https://doge2014.io/en/airdrop" target="_blank" rel="noopener noreferrer nofollow">exclusive airdrop</a></strong>!</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<p>Immediate resistance might be encountered around the $1.20–$1.30 region, where sellers could step in. If the rally sustains, expect further resistance at $2.00, which would be a significant psychological level for traders.</p>
<p>It’s worth noting that the RSI is showing strong momentum, pushing into overbought territory. This indicates the current rally is strong but may face a short-term correction or consolidation.</p>
<p><em><strong>Follow us on <a href="https://x.com/CaptainAltcoin_" target="_blank" rel="noopener noreferrer nofollow">X (Twitter)</a>, <a href="https://coinmarketcap.com/community/profile/CaptainAltcoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap </a>and <a href="https://www.binance.com/en/square/profile/captainaltcoin" target="_blank" rel="noopener noreferrer nofollow">Binance Square</a> for more daily crypto updates.<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <span>We recommend eToro</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"><strong>Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. <a href="https://www.etoro.com/customer-service/terms-conditions/trading-restriction/" target="_blank" rel="noopener noreferrer nofollow">Take 2 mins to learn more</a></strong>
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> Visit eToro Now </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy the trades of leading traders, for free. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/why-is-sui-price-up-this-trader-makes-bold-sui-price-prediction/" rel="noopener noreferrer nofollow">Why Is SUI Price Up? This Trader Makes Bold SUI Price Prediction</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Why Is SUI Price Up? This Trader Makes Bold SUI Price Prediction

Table of Contents

CaptainAltcoin

Other articles published on Sep 12, 2024

Magic Eden Launches New US Domain, Separates Services for US and International Users

Harris Outperforms Trump in Debate, Crypto Markets Feel the Impact

This Exchange Will Stop Trading Almost All Crypto Assets After $1.5M SEC Settlement

Ethereum Needs Refined Messaging to Attract Wall Street, Say Attestant Executives

Justin Sun’s SunPump to Initiate "100% On-chain Buyback and Burn Process"

Vitalik Buterin Speaks Out on Recent ETH Sale

Join our free newsletter for daily crypto updates!