Recent Market Analysis of SUI
The SUI price has been consolidating recently, and we should focus on the following key points:
- Support Level: From the weekly chart, around 3.3 is the core support level. If this level cannot hold, the next strong support is in the range of 2.95 to 3.
- ETF Milestone: The final review time for SUI's ETF is set for December. Although its progress is slower than coins like LTC, DOGE, XRP, and ADA, which had movement in October, it may benefit from the market enthusiasm of these coins afterward.
- Positioning and Pressure: Consider entering the market around 3 to 3.3; above, around 4.35 is a strong resistance level. If this level can be broken, the price may potentially rise to around 5.