Sui Crypto Dropped -45.10% in Last Month and is Predicted to Reach $ 1.52 By May 01, 2024

Table of Contents

• SUI price is expected to rise by 29.99% in the next 5 days according to our Sui Crypto price prediction
• SUI Price Prediction Chart
• What has been going on with Sui Crypto in the last 30 days
• Sui Crypto technical analysis for today - Apr 26, 2024
• Bearish sentiment for Sui Crypto
• Crypto market is currently experiencing Greed
• Sui Crypto moving averages & oscillators
• The bottom line about this Sui Crypto prediction

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

• Sui Crypto is down -4.48% today against the US Dollar
• SUI/BTC decreased by -3.59% today
• SUI/ETH decreased by -4.00% today
• Sui Crypto is currently trading 22.44% below our prediction on May 01, 2024
• Sui Crypto dropped -45.10% in the last month and is down -26.26% since 1 year ago

SUI price is expected to rise by 29.99% in the next 5 days according to our Sui Crypto price prediction

Sui Crypto price today is trading at $ 1.18 after losing -4.48% in the last 24 hours. The coin underperformed the cryptocurrency market, as the total crypto market cap decreased by -3.75% in the same time period. SUI performed poorly against BTC today and recorded a -3.59% loss against the world’s largest cryptocurrency.

According to our Sui Crypto price prediction, SUI is expected to reach a price of $ 1.52 by May 01, 2024. This would represent a 29.99% price increase for SUI in the next 5 days.

SUI Price Prediction Chart

Buy/Sell Sui Crypto

What has been going on with Sui Crypto in the last 30 days

Sui Crypto has been displaying a negative trend recently, as the coin lost -45.10% in the last 30-days. The medium-term trend for Sui Crypto has been bearish, with SUI dropping by -15.31% in the last 3 months. The long-term picture for Sui Crypto has been negative, as SUI is currently displaying a -26.26% 1-year price change. On this day last year, SUI was trading at $ 1.60.

Sui Crypto reached its all-time high price on Mar 27, 2024, when the price of SUI peaked at $ 2.18. The current SUI cycle high is $ 1.44, while the cycle low is at $ 0.930324. SUI has been displaying high volatility recently – the 1-month volatility of the coin is at 18.18. Sui Crypto recorded 14 green days in the last 30 days.

Sui Crypto technical analysis for today - Apr 26, 2024

The sentiment in the Sui Crypto markets is currently Bearish, and the Fear & Greed index is reading Greed. The most important support levels to watch are $ 1.19, $ 1.15 and $ 1.11, while $ 1.26, $ 1.30 and $ 1.34 are the key resistance levels.

Bearish sentiment for Sui Crypto

4 indicators are currently signaling a bullish prediction for Sui Crypto, while 21 indicators are showing a bearish forecast. With 84% of indicators favoring a negative prediction. This results in an overall Bearish sentiment for Sui Crypto.

Crypto market is currently experiencing Greed

Currently, the Fear & Greed index is at 70 (Greed), which signals that investors have a positive outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

Sui Crypto moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Sui Crypto is positioned in the market right now.

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Sui Crypto is at 40.33, suggesting that SUI is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Sui Crypto over the last 50 days. Currently, Sui Crypto is trading above the SMA 50 trendline, which is a bullish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the SUI closing price for the last 200 days. SUI is now trading above the SMA 200, signaling that the market is currently bullish.

The bottom line about this Sui Crypto prediction

After considering the above factors, we can conclude that the current forecast for Sui Crypto price prediction is Bearish. SUI would have to increase by 29.99% to hit our $ 1.52 target within the next five days. Moving forward, it will be important to monitor the SUI market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Sui Crypto price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.