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Cryptocurrency News Articles

The crypto market displayed a negative price action over the past 24 hours

May 05, 2025 at 11:03 pm

The crypto market displayed a negative price action over the past 24 hours, resulting in top tokens losing notable value in their respective portfolio. However

The crypto market displayed a negative price action over the past 24 hours

The crypto market displayed a negative price action over the past 24 hours, resulting in top tokens losing notable value in their respective portfolio. However, the Sui price has defied the market odds by adding 6.81% during this period.

Notably, the Sui crypto is currently trading at a discount of 35.95% from its all-time high (ATH) of $5.35. However, it has surged 840.87% from its all-time low of $0.3643 that was recorded on 19th October 2023.

With this, investors are curious about its short-term and long-term price prospects of this altcoin. Moreover, investors are pondering over questions like “Is Sui coin a good investment?” In this write-up, we will understand the possible Sui price prediction for this week.

Since April 23, 2025, the Sui crypto price has displayed a strong bullish action in its price chart. Moreover, with a circulating supply of 3.33 billion SUI tokens, it has a market capitalization of $11.48 billion. With this, the market dominance of this token has increased to 0.3899%.

The Moving Average Convergence Divergence (MACD) records rising green histogram in the 4H time frame. On the other hand, the 12 & 26-day EMA displays a bullish convergence in the Sui price chart. This suggests that the altcoin may continue gaining momentum in the upcoming time.

Furthermore, the Simple Moving Average (SMA) has witnessed a positive crossover in the price chart. By evaluating the market trends, this altcoin may continue its bullish action this week.

If the bullish sentiment sustains, this Sui crypto price could retest its immediate resistance level of $3.50. Moreover, if the bulls outrun the bears, the price of Sui price may head toward its upper resistance level of $3.80 this week, resulting in it retesting its multi-month high.

On the flip side, if a bearish reversal occurs, the Sui price may drop toward its support level of $3.30. In addition, if the bearish sentiment builds up further, it could plunge toward its crucial support level of $3.15.

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