Sui Price Prediction: SUI Soars 10%, But Experts Say Consider This Layer-2 PEPE For Parabolic Gains
The Sui price surged 10% in the last 24 hours to trade at $2.08 as of 00:31 a.m. EST on trading volume that rose 36% to $1.7 billion. Sui Price Gearing Up Towards A Sustained Bullish Rally According to data from GeckoTerminal , the Sui price movements since March have formed a cup-and-handle pattern, with the bulls finding enough support around the $0.63 level. Meanwhile, the price of Sui has crossed above both the 50-day and 200-day Simple Moving Averages (SMAs), which is an affirmation of the bullish stance. Additionally, on the 4-hour chart Analysis , the Relative Strength Index (RSI) is rebounding to currently trade above the 50-midline level, showing that the asset may be picking up some bullish pressure. If the SUI price bulls capitalize on the cup and handle pattern and the SMAs, the price of Sui could continue soaring. Moreover, the 50-SMA is crossing above the 200-day SMA, which forms a golden cross around $1.12. In this scenario, the Sui price could keep rising, as they...