Sui (SUIUSD) Price Anticipating More Increase

Sui (SUIUSD) Price Forecast: August 9

The Sui market is anticipating further increase as the bulls continue to gain strength, signaling promising growth ahead. It appears that if purchasers raise their market activity vigorously, the coin might continue its upward trend. Furthermore, the coin may rise to $4.346 and then reach the upper resistance level of $4.430 and higher, providing coin traders with a solid buying opportunity.

Key Levels:
Resistance Levels: $3.784., $3.785, $3.786
Support Levels: $2.829, $2.828, $2.827

Sui (USD) Long-term Trend: Bullish (Daily Chart)

The SUIUSD pair is experiencing a bullish move, anticipating more increases as it faces overhead resistance in its long-term view. The coin price is trading above the moving averages with strong volumes from the bulls.
The sustained bullish pressure at the $3.498 high level in the last session has encouraged buyers to move the coin price up during its recent correction.

Today, Sui’s market price is poised for further increase as bulls drive the price to a high of $3.784 above the moving averages at the daily chart’s open, implying promising growth ahead.

Hence, there is a tendency for the token to rise further if the support level holds, which will enable buyers to take the price up to a high of $4.430, as the SUIUSD price anticipates more increases in its long-term perspective.

Sui (USD) Medium-term Trend: Bullish (4H Chart)

In its medium-term time frame, Sui’s market value is trending upward and is expected to continue rising. A bullish trend is indicated by the price bar being above the resistance levels.
The bulls’ last surge in momentum to a high of $3.741 has allowed the coin price to continue rising and maintain its position above the supply trend line at its most recent peak.

The market value of Sui at a $3.768 supply value above the moving averages, as the 4-hourly session opens today, affirms the presence of more buyers in the market while anticipating more increases.

Therefore, a buying signal for buyers to regain control and possibly rebound up toward the higher resistance region would be indicated by a breakout above the $4.300 prior swing high.

In addition, with the daily stochastic pointing upwards, more bullish action is expected.

Thus, if all support holds in place, the price of SUIUSD might surge to the $4.371 upper barrier, amid soaring network activity.

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