- SUI secures 4th position on CoinMarketCap’s list of top-performing cryptocurrencies.
- SUI registers a 0.75% increase, currently trading at $0.9579.
- SUI’s price rebounds, attempting to convert resistance level at $0.96530 into support.
SUI (SUI) has secured the coveted 4th position on CoinMarketCap’s list of top-performing cryptocurrencies thanks to its impressive price surge over the past 24 hours. Despite the market volatility, SUI defied the odds and registered a 0.75% increase, currently trading at $0.9579. This remarkable feat has cemented SUI’s position as a promising altcoin to watch out for in the ever-evolving crypto landscape.
SUI exhibited a notable surge in trading activity, with its value hovering near the daily high of $0.9643, significantly improving from its 24-hour low of $0.9233. This upward trend also translated into a commendable boost in SUI’s standing against leading cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH), with gains of approximately 1.20% and 1.32%, respectively.
Although SUI showed promising results in the past 24 hours, its weekly performance remained negative at -4.625. Furthermore, the monthly performance of the cryptocurrency was still down by a staggering 24%. On top of that, the 24-hour trading volume of SUI witnessed a decline of 23.56%, resulting in a standing value of $124,725,777. These figures indicate that SUI has a long way to go before it can regain its lost ground.
From a technical standpoint, SUI’s price has experienced a noteworthy rebound, bouncing off the crucial support level at $0.91131 within the last 24 hours. Subsequently, SUI’s price has surged, and made an effort to convert the subsequent resistance level at $0.96530 into support. However, the bears have successfully defended the mark, preventing SUI’s price from surpassing the price point at the time of writing.
If the altcoin surpasses the resistance level and establishes it as a support within the next 24 hours, it will pave the way for a potential surge above $1 within the following 48 hours. Conversely, if today’s trading session concludes below $0.9653, SUI’s price may decline towards $0.91131 in the upcoming days. Monitoring the market closely and making informed decisions based on the latest developments is imperative.
Disclaimer: The insights, perspectives, and data presented in this price analysis are published in good faith. Readers must conduct their own research due diligence. Any decision made by the reader is solely their responsibility, and Crypto Outlooks shall not be held responsible for any consequential or incidental harm or loss.
