Sui Price Prediction for Today, November 6 – SUI Technical Analysis

The Sui price prediction adds a whopping 13.70% gain and at the time of writing, it is trading around the $2.28 resistance level.

Statistical data on Sui prices:

• Sui Price Now – $2.28
• Sui Market Cap – $6.57 Billion
• Circulating supply Sui – 2.85 billion
• Total Sui supply – 10 billion
• Sui Coinmarketcap Ranking – #16

Getting in early on SUI has proven valuable as the token has surged 527.81% since its all-time low of $0.3643 a year ago. Currently, its price ranges between $1.88 and $2.33, showing resilience despite a recent decline from its all-time high of $2.36 last month. This growth highlights SUI’s potential in the crypto market.

SUI/USD Market

Key levels:

Resistance Levels: $2.80, $2.90, $3.00

Support Levels: $1.60, $1.50, $1.40

The SUI/USD pair is in a consolidation phase, holding between support at $1.75 and resistance around $2.10. This range-bound move reflects a pause in the market as traders wait for clearer direction. With the moving averages being stable, this confirms the lack of significant trend momentum, although SUI/USD has shown resilience compared to other altcoins over the past few sessions. After a slight decline in early October, last week’s price action was strong, with a notable recovery on Monday and Tuesday that held through Sunday.

Sui Price Prediction: Would Sui Go Higher?

When analyzing trading volumes, SUI/USD shows promising interest, especially in the DEX space. Compared to volumes two months ago, there has been a significant increase, although the total value locked (TVL) has declined slightly from recent highs. This slight drop in TVL indicates that although SUI/USD has not gained new momentum, it maintains a high support level. The pair’s current consolidation phase highlights the lack of decisive moves from buyers or sellers, signaling that traders may be in a “wait and see” mode until broader market influences, such as upcoming election results, clarify the next major trend.

On the upside, if the price breaks the upper boundary of the channel and closes above it, SUI/USD could likely continue its uptrend and reach the resistance levels of $2.80, $2.90, and $3.00 . On the contrary, if the technical indicator fails to rise above the positive side, bears tend to return to the market, which could likely lead the market price to reach the nearest support levels at 1.60 $, $1.50 and $1.40 respectively. Technically, the 9-day MA is likely to rise above the 21-day MA, suggesting additional bullish signals.

SUI/BTC heads north

Compared to Bitcoin, Sui has been on a bullish move as the coin moves towards the upper boundary of the channel. However, the recent rise could allow the cryptocurrency to maintain the upward movement, which is a promising sign for buyers.

Nonetheless, if the bulls break out of the channel, higher resistance could be located at 3800 SAT and above. Meanwhile, on the downside, the nearest support level now lies below the channel’s lower boundary. Below, additional support could be found at 2200 SAT and below. The 9-day MA is likely to rise above the 21-day MA, which can be a good sign for the bulls as momentum could be on their side.

Meanwhile, @oct_trades shared with his followers on He pointed to a developing triangle formation, indicating a potential breakout. A similar trend was observed during the last rally, as shown by the RSI comparison, suggesting stronger momentum. This is happening as altcoins remain largely sideways, providing a favorable opportunity to accumulate more $SUI at this level, in anticipation of better days ahead.

$SUI RETURN ABOVE $2 📈@SuiNetwork recently outperformed the best Layer1.

Not only in terms of inflow but also in terms of price.

With the current triangle formation, there is going to be a breakout.

We already saw something similar in the previous run, as you can compare… pic.twitter.com/kHj648Nbfz

– OCT Trades (@oct_trades) November 5, 2024

Alternatives to Sui

SUI/USD could experience increased volatility, with a potential breakout or breakout influenced by external sentiment changes. Currently, SUI price maintains its strength above the $2.00 level, which has provided steady support to the market in recent days. If the price approaches the upper boundary of its channel, SUI/BTC could potentially test the $2.50 resistance level. Meanwhile, Pepe Unchained is attracting considerable attention in the crypto sphere with unique features that set it apart from other meme tokens like PEPE. Its $PEPU token presale is progressing quickly, already raising over $25 million, signaling strong investor interest. Investors are encouraged to act quickly to acquire tokens at the current price, as a significant price rise could follow the conclusion of the presale.

DOES PEPE UNCHAINED HAVE GREATER VALUE THAN PEPETO

Pepe Unchained could surpass PEPE in value by 2025 due to its strong fundamentals and anticipated community growth. For investors, the platform’s current pre-sale presents an opportunity to earn substantial returns, with projections indicating over 100x growth potential if Pepe Unchained reaches current PEPE price levels.

Visit Pepe Unchained

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