Sui (SUIUSD) Price Forecast: October 9
Today, the SUIUSD pair soars as the bullish sentiment hits new heights at the upper resistance level, fueling the investors’ optimism on the asset. The price will continue and remain in the same position if the bearish sentiment is on hold and the bulls increase their buying momentum. The crypto may surge above the $2.168 current high to hit the $2.200 upper resistance level, boosting positive market momentum.
Key Levels:
Resistance Levels: $2.000, $2.100, $2.150
Support Levels: $0.800, $0.700, $0.600
SUI (USD) Long-term Trend: Bullish (Daily Chart)
The bias remains positive as the Sui bullish sentiment hits new heights at the upper resistance area in the higher time frame.
The coin price is moving in a bullish direction above the EMA-50, at the overhead resistance area with huge volumes from the bulls, suggesting a strong bullish momentum.
The sustained buying pressure on the crypto at the $1.868 resistance level in the past session has enabled the SUIUSD bullish sentiment to hit a new height above the supply levels in its recent high.
At the press time, the Sui bullish sentiment hits a new height at the $2.168 high level close to the upper resistance area above the EMA-50 as the daily chart opens, fueling investors’ optimism on the asset.
The crypto market is making higher highs and higher lows, showing signs of bullish sentiment. If the trend continues, the Sui price could drive a sustainable rally above the current level and sustain it as the bullish sentiment hits a new height, replenishing investors’ interest.
Further, the SUIUSD price might continue its upward move as shown by the price indicator, highlighting an upward direction. If the price can break above the $2.168 level, the next price target might be as high as the $2.200 upper resistance and even break above that level soon in its long-term outlook.
SUI (USD) Medium-term Trend: Bullish (4H Chart)
The SUIUSD soars as the bullish sentiment hits a new height on the medium-term time frame above the exponential moving average line, suggesting bullish momentum. The price has shown remarkable growth above the moving averages, affirming its bullish trend.
The increase in the momentum by the bulls to a $1.853 supply value in the previous action has enabled the Sui price to hit a new height and hold above the resistance lines in its recent high.
Today, as many investors are clustered around the market, the SUIUSD bullish sentiment hits a new height of $2.168 level above the EMA-50 as the 4-hourly chart opens today, affirming the presence of more buyers in the market, as the crypto experiences a notable surge.
More upsides are likely as the momentum indicator points upwards, indicating that the Sui price is still in an uptrend. With this trend, the crypto bullish sentiment may soar to a new height at the $2.200 upper resistance level soon as it soars to hit a new height in its medium-term outlook.
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