Sui (SUIUSD) Price Forecast: September 23
Today, the SUIUSD pair holds a recovery opportunity as it reaches bearish exhaustion and holds above the $1.500 level, registering potential growth. If the bulls could increase their efforts in the market and break out from the immediate resistance of $1.500, additional confirmation for bullish recovery would be recorded for the bulls, targeting the $2.200 upper resistance level, increasing the opportunity for a potential buy.
Key Levels:
Resistance Levels: $1.300, $1.400, $1.500
Support Levels: $0.800, $0.700, $0.600
Sui (USD) Long-term Trend: Bullish (Daily Chart)
The long-term market value of Sui is skyrocketing as it reaches bearish exhaustion and holds above the $1.500 level with a bullish sentiment. The coin price is moving in a bullish direction above the EMA-50, approaching the overhead resistance with huge volumes from the bulls, suggesting a strong bullish momentum.
The sustained bulls’ pressure on the currency pair at the $1.470 resistance level in the last session has enabled the crypto price to hold above the supply levels in its recent price level.
At the press time, the SUIUSD reaches bearish exhaustion and holds at a $1.512 high level above the EMA- as the daily chart opens, registering a 1.10% growth.
However, if the trend continues, the Sui price could drive a sustainable rally to the $2.181 barrier level, replenishing investors’ interest as it reaches bearish exhaustion.
Additionally, the price of Sui might continue to hold above the crucial level and increase further as the market price has also reached bearish exhaustion, as indicated by the daily signal pointing upwards. In light of this, the coin price might bounce up to hit the $2.200 upper resistance level in the nearby days and beyond in its higher time frame.
Sui (USD) Medium-term Trend: Bullish (4H Chart)
The SUIUSD pair demonstrates a bullish pattern as it reaches bearish exhaustion and holds above the resistance trend lines in its medium-term outlook. The price currently trades above the moving averages, affirming its bullish trend.
The increase in the momentum by the bulls to the $1.479 supply value during the previous action has enabled the Sui price to hold above the resistance lines in its recent high.
The market price of SUIUSD reaches bearish exhaustion as it holds above the resistance at the $1.505 level as the 4-hourly chart opens today, affirming the presence of more buyers in the market, giving the crypto a high tendency to rise further.
Furthermore, the daily stochastic signals an uptrend; if the bulls could push harder and sustain the coin price above the $1.592 previous high, the resulting rally may surpass the $1.800 level and hit the $2.000 psychological level at the upside in the day ahead, as it reaches bearish exhaustion and holds above the resistance level in its medium-term perspective.
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