{"id":650718,"date":"2024-10-30T20:00:32","date_gmt":"2024-10-30T20:00:32","guid":{"rendered":"https:\/\/wncen.com\/?p=650718"},"modified":"2024-10-30T10:44:05","modified_gmt":"2024-10-30T10:44:05","slug":"can-sui-reach-2-18-bullish-pressure-builds-toward-key-milestone","status":"publish","type":"post","link":"https:\/\/wncen.com\/sui\/can-sui-reach-2-18-bullish-pressure-builds-toward-key-milestone\/","title":{"rendered":"Can SUI Reach $2.18? Bullish Pressure Builds Toward Key Milestone"},"content":{"rendered":"

SUI <\/span><\/a>is gathering bullish steam as it heads toward a possible breakout, with a notable milestone of $2.1825 in sight. Recent market activity suggests an upswing could be on the horizon, following a strong rebound at the $1.5 support mark.\u00a0<\/span><\/p>\n

If the bulls maintain their momentum, SUI\u2019s path might lead to a significant price advancement, signaling a promising opportunity for traders and investors alike. However, the question remains; will the pressure be enough to push past this critical resistance?<\/span><\/p>\n

This analysis aims to examine SUI\u2019s current bullish momentum and assess whether rising pressure could drive the price to a potential target of $2.1825. By analyzing recent price movements, support levels, and resistance zones, this piece seeks to provide <\/span>traders<\/span><\/a> and investors with insights into SUI’s capacity for a <\/span>breakout<\/span><\/p>\n

SUI Bullish Surge Aims At $2.1825 Mark<\/h2>\n

Following its recovery at $1.5, SUI\u2019s price on the 4-hour chart has continued to build pressure, approaching the $2.18 mark with a focus on breaking past it. SUI has also moved above the 100-day Simple Moving Average (SMA), signaling a strengthening upward trend that could pave the way for a <\/span>potential<\/span><\/a> breakout.<\/span><\/p>\n

\"SUI\"
SUI drawing closer to $2.18 after a rebound at $1.5 | Source: SUIUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n

The 4-hour Composite Trend Oscillator shows bullish signs for SUI, with its SMA and signal lines rising above the zero line, indicating a growing positive trend. In addition, the widening spread between these lines implies strong support for a sustained uptrend, reflecting increased buying interest as the asset approaches key <\/span>resistance<\/span><\/a> levels.<\/span><\/p>\n

Related Reading: Analyst Sets $2.50 Target For SUI Following 30% Weekly Gain \u2013 Details<\/a><\/div>\n

Also, on the daily chart, SUI has demonstrated firm upward momentum, marked by a <\/span>bullish<\/span><\/a> candlestick pattern after a successful rebound at $1.5. Currently trading above the 100-day SMA, SUI\u2019s position not only confirms an optimistic phase but also suggests that previous resistance levels may now act as support, creating a solid foundation for future gains.<\/span><\/p>\n

\"SUI\"
SUI showing strong upward push following a rebound | Source: SUIUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n

Finally, a detailed analysis of the Composite Trend Oscillator formation on the 1-day chart reveals fresh bullish movement for SUI. The indicator\u2019s signal line is aiming to cross above the SMA line, a classic key indication suggesting robust buying interest. Positioned above the zero line, this crossover attempt indicates that positive sentiment is likely building, with the potential to drive prices more on the upside.<\/span><\/p>\n

Support And Resistance Levels To Watch<\/h2>\n

On the upside, resistance around $2.18 presents the next hurdle for SUI. Successfully breaking above this level could pave the way for higher targets, including its <\/span>all-time high<\/span><\/a> of $2.36. A breach of this resistance would significantly increase the possibility of reaching new price milestones.<\/span><\/p>\n

Related Reading: SUI Eyes Bullish Breakout As Crypto Traders Go Long Above $2 \u2013 What\u2019s Next?<\/a><\/div>\n

However, if the cryptocurrency fails to <\/span>surpass<\/span><\/a> the $2.18 resistance level, it may initiate a downward move toward $1.5. Should it break below this support, the decline could extend further to the $1.42 support level and beyond.<\/span><\/p>\n

\"SUI\"
SUI trading at $2.03 on the 1D chart | Source: SUIUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image from Shutterstock, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

SUI is gathering bullish steam as it heads toward a possible breakout, with a notable milestone of $2.1825 in sight. Recent market activity suggests an upswing could be on the horizon, following a strong rebound at the $1.5 support mark.\u00a0 If the bulls maintain their momentum, SUI\u2019s path might lead to a significant price advancement, signaling a promising opportunity for traders and investors alike. However, the question remains; will the pressure be enough to push past this critical resistance? This analysis aims to examine SUI\u2019s current bullish momentum and assess whether rising pressure could drive the price to a potential target of $2.1825. By analyzing recent price movements, support levels, and resistance zones, this piece seeks to provide traders and investors with insights into SUI’s capacity for a breakout SUI Bullish Surge Aims At $2.1825 Mark Following its recovery at $1.5, SUI\u2019s price on the 4-hour chart has continued to build pressure, approaching the $2.18 mark with a focus on breaking past it. SUI has also moved above the 100-day Simple Moving Average (SMA), signaling a strengthening upward trend that could pave the way for a potential breakout. The 4-hour Composite Trend Oscillator shows bullish signs for SUI, with its SMA and signal lines rising above the zero line, indicating a growing positive trend. In addition, the widening spread between these lines implies strong support for a sustained uptrend, reflecting increased buying interest as the asset approaches key resistance levels. Related Reading: Analyst Sets $2.50 Target For SUI Following 30% Weekly Gain \u2013 Details Also, on the daily chart, SUI has demonstrated firm upward momentum, marked by a bullish candlestick pattern after a successful rebound at $1.5. Currently trading above the 100-day SMA, SUI\u2019s position not only confirms an optimistic phase but also suggests that previous resistance levels may now act as support, creating a solid foundation for future gains. Finally, a detailed analysis of the Composite Trend Oscillator formation on the 1-day chart reveals fresh bullish movement for SUI. The indicator\u2019s signal line is aiming to cross above the SMA line, a classic key indication suggesting robust buying interest. Positioned above the zero line, this crossover attempt indicates that positive sentiment is likely building, with the potential to drive prices more on the upside. Support And Resistance Levels To Watch On the upside, resistance around $2.18 presents the next hurdle for SUI. Successfully breaking above this level could pave the way for higher targets, including its all-time high of $2.36. A breach of this resistance would significantly increase the possibility of reaching new price milestones. Related Reading: SUI Eyes Bullish Breakout As Crypto Traders Go Long Above $2 \u2013 What\u2019s Next? However, if the cryptocurrency fails to surpass the $2.18 resistance level, it may initiate a downward move toward $1.5. Should it break below this support, the decline could extend further to the $1.42 support level and beyond. Featured image from Shutterstock, chart from Tradingview.com<\/p>\n","protected":false},"author":608,"featured_media":650720,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[91523],"tags":[92851,92933,91599,85676,87261,88414,88415],"class_list":["post-650718","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sui","tag-bullish-candlesticks","tag-composite-trend-oscilator","tag-simple-moving-average","tag-sma","tag-sui","tag-suiusd","tag-suiusdt"],"acf":[],"yoast_head":"\nCan SUI Reach $2.18? 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Trust me, I\u2019ve had my share of experience with the ups and downs in the market but I never for once lost the passion to grow in the field. This is because I believe growth leads to excellence and that\u2019s my goal in the field. And today, I am an employee of Bitcoinnist and NewsBTC news outlets. My Bosses and co-workers are the best kinds of people I have ever worked with, in and outside the crypto landscape. I intend to give my all working alongside my amazing colleagues for the growth of these companies. Sometimes I like to picture myself as an explorer, this is because I like visiting new places, I like learning new things (useful things to be precise), I like meeting new people - people who make an impact in my life no matter how little it is. One of the things I love and enjoy doing the most is football. It will remain my favorite outdoor activity, probably because I'm so good at it. I am also very good at singing, dancing, acting, fashion and others. 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