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SUI News Today: SUI Aims for $0.987 in Today’s Price Prediction – 09 Jan 2024

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The cryptocurrency market continues to captivate investors, with SUI Coin being a significant player on 09 Jan 2024. Trading at $0.8437 as of 3:38 am UTC, SUI is currently positioned above its pivot price of $0.822, signaling a potential bullish trend.

SUI News Today
SUI News 09 Jan 2024
SUI Price Prediction Today

SUI Price Target Today

Given SUI’s current position above the pivot price, it suggests a bullish momentum. In this scenario, SUI may target the resistance levels at $0.885, $0.924, and even reach a high of $0.987.

SUI News Today
SUI News 09 Jan 2024
SUI Price Prediction Today

This chart is generated from Tradingview.com: https://in.tradingview.com/chart/?symbol=BINANCE:SUIUSDT.P

SUI Price Prediction Today

However, the cryptocurrency market’s inherent volatility means there is also the possibility of a bearish reversal. In the event of a market sentiment shift, SUI might encounter support levels at $0.759, $0.72, and, in a more bearish scenario, $0.657.

SUI Price Prediction

Reviewing SUI’s performance from the previous day, the token achieved a high of $0.8848 and a low of $0.7202. This price range illustrates the presence of both bullish and bearish forces in the market. Exceeding yesterday’s high could pave the way for SUI to reach the ambitious target of $0.987, while falling below yesterday’s low may trigger a bearish correction towards the support levels.

SUI/USDT Daily Chart Analysis

A detailed analysis of the SUI/USDT daily chart from yesterday reveals significant price fluctuations, indicative of varying market sentiments. Approaching yesterday’s high suggests a bullish inclination, while descending to the day’s low highlights bearish pressures.


Disclaimer: This article is intended solely for educational purposes and should not be construed as financial advice. It is imperative for investors to conduct their research or seek advice from a financial advisor before making any investment decisions.

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Matthew Garcia is a crypto article writer with over 5 years of experience in the industry. He is passionate about writing about the latest news and trends in the cryptocurrency space, and he has a deep understanding of the technology behind blockchain. Matthew Garcia has written for a variety of publications, including CoinDesk, The Block, and CryptoSlate. He is also a regular contributor to the Ailtra.io blog, where he writes about the latest developments in the Ailtra ecosystem. Matthew Garcia is a skilled writer with a knack for explaining complex technical concepts in a clear and concise way. He is also a creative writer who is able to produce engaging and informative content. Matthew Garcia is always up-to-date on the latest news and trends in the crypto space, and he is always looking for new ways to share his knowledge with others.
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