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Sui (SUI) price is gaining pace above $2.00. The price traded to a new all-time high at $2.37 and might aim for more gains in the near term.
The price of Sui (CRYPTO: SUI) is surging on Monday evening.
After setting a new all-time high at $2.37, the price of SUI is now up more than 100% over the last 30 days.
The price of SUI is now trading above the 50-week simple moving average, which is a technical indicator that is used to measure the average price of an asset over the last 50 weeks.
The price of SUI is also trading above the 23.6% Fib retracement level, which is a technical indicator that is used to measure the support and resistance levels of an asset.
If the price of SUI is able to close above the $2.35 level, it could set the stage for the next leg up, which could lead to the price of SUI reaching levels not seen since early 2023.
However, if the price of SUI is unable to close above the $2.35 level, it could set the stage for a pullback, which could lead to the price of SUI falling back to levels around $2.00.
Overall, the technical outlook for SUI is bullish, and the price of SUI is setting up for another strong move higher.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
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