Sui Price Prediction for Today, November 29 – SUI Technical Analysis

Sui Price Prediction

Sui's price hovers around $3.49 near the 9-day moving average, facing resistance at the $3.49 level.

Sui Prediction Statistics

Current price: $3.49
Market cap: $9.93 billion
Circulating supply: 2.85 billion
Total supply: 10 billion
Coinmarketcap ranking: #18

Sui's Performance

Sui's early adoption has driven an impressive surge of +855.59% from its all-time low of $0.3643. Despite trading below its all-time high of $3.93, its current range ($3.36-$3.55) indicates ongoing interest.

SUI/USD Market

Resistance levels: $4.50, $4.55, $5.00
Support levels: $2.50, $2.45, $2.40

The SUI/USD market exhibits bullish reversal signs. After reclaiming support at $3.00 and $2.95, Sui showed strong buying interest. The breakout above the downtrend highlights market interest. However, broader market conditions, including Bitcoin's price, will influence the sustainability of Sui's rally.

Sui Price Prediction: Potential Upside Breakout

The $3.40-$3.50 range remains a critical resistance zone. Failure to maintain above this level may lead to a pullback. Conversely, increased trading volume above $3.40 could signal an upward move towards $4.00. Consolidation appears more likely in the near term.

Traders should monitor the $4.00 level for a new bullish trend, while support at $2.80 may offer buying opportunities. A bearish breakdown below $3.00 could open further downsides, targeting supports at $2.50, $2.45, and $2.40.

SUI/BTC Consolidation

Against Bitcoin, Sui consolidates within a channel. Selling pressure may push the price to a new low. The technical indicator shows negative moves if Sui crosses below the channel's lower boundary.

Traders may expect support below the moving averages at 3000 SAT before a break to 2700 SAT. A bullish breakout above the 21-day moving average could confirm a bullish move, with resistance at 4700 SAT and above.

Sui Alternatives: Pepe Unchained

Despite SUI/USD's potential bullish breakout, current market conditions favor consolidation. Pepe Unchained, transitioning from a meme coin to a transformative project, is gaining attention.

Its Layer 2 blockchain ecosystem and ambitious offerings position it as a formidable player in the blockchain industry. With a successful presale, Pepe Unchained has garnered investor confidence. If it maintains its momentum, it could become a standout project in the crypto space.

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