$SUI #sui
Sui Price leads the market with a 52% increase in 30 days
In the last 30 days, the cryptocurrency market has experienced significant movements. The price of SUI is near the top of all participants, with an astonishing increase of 52%. This price trend has made it the leader of the cryptocurrency market during this period.
Several of the major altcoins recorded strong price increases alongside SUI, with SCR leading at 47.2%. SEI, ADA, and XRP closely followed, with increases of 38.35%, 38.04%, and 34.71%, respectively. These tokens have benefited from a bullish sentiment that has driven their pricing over the last month.
Crypto market observers are closely watching these changes. This is mainly because the remarkable growth of $SUI indicates an increase in investor interest and shifts the market dynamics.
Will SUI break the resistance of $5?
The price of Sui closed at $4.0284, reflecting an increase of 1.78% in the last 24 hours. Following a recent surge, the token surpassed key resistance levels, continuing its upward movement within an ascending channel.
The price reached up to $4.10, where it encountered resistance. This suggests the possibility of a small pullback.
The Relative Strength Index (RSI) was at 72, indicating that the token is overbought. This may be an indicator that an upward or downward change follows a short-term stabilization of value.
Meanwhile, the Moving Average Convergence Divergence (MACD) was bullish, showing green histogram bars. Additionally, the positive momentum shift suggests that the target price for SUI will be around $4.50.
The next significant resistance is expected at $5.00. Support levels are at $3.50 and $3.00. This could serve as a potential entry point in case of a price pullback for Sui.
