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Sui (SUIUSD) Price Remains Pressured above the Crucial Level

Johnathon Fox
10/15/2024 | UPDATED ON: 10/15/2024

Sui (SUIUSD) Price Forecast: October 15

Today, the Sui market is showing promising signs of recovery as the price remains pressured above the crucial level, indicating a significant upward. Sui has remained a stand-out in the crypto market demonstrating potential growth. The currency is working hard to defy the sellers’ push to stay above the $2.34 current resistance level. If the bulls’ pressure breaks this level, the coin price may rise to the $2.40 upper resistance trend line, demonstrating notable growth potential.

Key Levels:
Resistance Levels: $2.32, $2.33, $2.34
Support Levels: $1.80, $1.70, $1.60

Sui (USD) Long-term Trend: Bullish (Daily Chart)

SUIUSD shows strong bullish potential as it remains pressured above the crucial levels, supporting long-term bullish growth in its long-term outlook. The price bars are trading above the supply levels, indicating a bullish momentum.
Sui (SUIUSD) Price Remains Pressured above the Crucial Level
The high pressure from the bulls in the past few days has enabled the crypto price to remain pressured above crucial levels in its recent growth.

The Sui price remains pressured above the crucial level at $2.34, indicating a significant upward as the daily chart commences today.

The recent activity indicates a strong trend; if the bulls should increase their tension in the market, the price tendency may trend to the upper resistance level.

Hence, with the broader cryptocurrency market regaining momentum, the SUIUSD price may continue its uptick move to hit the $2.40 upper resistance level soon as the price remains pressured above the crucial levels in its higher time forecast.

Sui (USD) Medium-term Trend: Bullish (4H Chart)

The SUIUSD price signals possible upward potential as it remains pressured above the crucial levels, suggesting a bullish trend on the medium-term outlook. The Sui price remains above the crucial level in its recent high due to the bulls’ action to a $2.28 high value in the last session.
Sui (SUIUSD) Price Remains Pressured above the Crucial Level
The market value of Sui remains pressured above the EMA-50 at the $2.34 resistance value as the 4-hourly chart opens today, showing notable signs of recovery.

However, trading above the moving averages will enable the market value of SUIUSD to keep pushing up. Thus, if the bulls put in more effort, the coin price will move beyond the current supply level, sparking optimism among investors, and eyeing significant gains.

In addition, with the daily stochastic pointing upwards, the Sui price may remain pressured above the crucial level and surge to reach the $2.40 high mark in the coming days, as it remains pressured above the supply levels in its medium-term outlook.

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About Johnathon Fox

Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.

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