Why the next stop of the "altcoin season" for SUI could be 5 dollars
The start of a new altcoin season could play a key role in sending SUI towards 5 dollars.
Key Point:
The growing interest in altcoins could push SUI above the strong upper resistance at 4.30 dollars, setting the stage for a rally towards 5 dollars.
Bitcoin
BTC
€101,704
has been consolidating after reaching an all-time high of 123,218 dollars. Although BTC has not given up much ground, its declining dominance of the total cryptocurrency market capitalization shows that money is flowing into altcoins.
Will Sui
SUI
€3.27
be one of the beneficiaries of this altseason? Let's analyze the charts to find out.
SUI Price Prediction
SUI gained momentum after breaking above the 50-day simple moving average (3.10 dollars) on July 10.
