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 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.
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.