Sui Price Hits New ATH, Is $5 Imminent This December?
Story Highlights
- The Sui token hit a new high of $4.47 during today’s early Asian trading session.
- Altcoins are targeting higher price targets as bullish sentiment increases on technical indicators.
- A sustained bullish rally could push the price towards yearly highs around $5.50.
Sui prices hit new highs in early Asian trading, underscoring the cryptocurrency market’s strong optimism for the altcoin. Additionally, it ranks 17th with a market capitalization of $12.27 billion.
As bullish sentiment grows in the altcoin market, will Sui price continue to rise and surge 10x from the August low of around $0.50? Let’s find out the short-term price possibilities with the latest Sui price analysis!
Sui Crypto sets new ATH!
Following a strong breakout of the bullish flag pattern on the daily chart, the Sui token hit a new all-time high of $4.47 with a trading volume of $4.58 billion and a gain of 78.77%. This indicates an increase in bullish sentiment towards the altcoin.
The Moving Average Convergence Divergence (MACD) shows a rising green histogram with its average recording bullish convergence on the daily time frame. This highlights the increased buying sentiment for this altcoin in the crypto market.
On the other hand, the SMA indicator continues to act as support for the SUI price chart. This reportedly indicates strong future price prospects for the Sui token.
Will SUI price reach $5?
Sustaining the price above the $4 support could set the stage for the altcoin to move towards the $4.75 mark. Additionally, if bullish sentiment intensifies, it could push the price towards a higher price target of $5.5 this month.
However, if a bearish reversal occurs, Sui cryptocurrency price may retest the $4.00 support. Furthermore, if the bearish momentum intensifies, this may pull the price of this altcoin towards its lower support trendline at $3.250.
Find answers to questions like “Will SUI hit $10?” Read CoinPedia’s Sui Price Forecast. Also, subscribe to stay up to date on the latest crypto-related news!
FAQ
Yes, Sui crypto tokens can be bought, sold, and held on the Coinbase cryptocurrency exchange.
Sui token may break through the $23 mark and reach a high of $23.77 in 2030.
The altcoin has a 24-hour trading volume of $4.553 billion and is currently valued at $4.1886.
