SUIUSDT Market Rises Through the $1.400 Threshold

The SUIUSDT market has seen continued moderate price increases in today’s trading activity. The price of the token increased by over 5%. Meanwhile, indications are supporting the view that further price increases may yet be seen in this market.

SUI Statistics:
Current Sui Price: $1.4316
SUI Market Cap: $3,813,420,352
Sui Circulating Supply: 10,000,000,000
SUI Total Supply: 10,000,000,000
SUI CoinMarketCap Rank: 25

Key Price Levels:
Resistance: $1.5000, $1.7000, $1.9000
Support: $1.2000, $1.0000, $0.8000

SUIUSDT Pokes Through Another Technical Level

Price activity in the SUI token market received a strong boost three sessions ago after the market briefly hovered above the $1.2000 threshold. Subsequent sessions saw the market breakthrough higher resistance levels. The ongoing session has advanced through a new psychological resistance level.

Likewise, the last price candle has pushed the market above all the Guppy Multiple Moving Average (GMMA) lines. The Stochastic Relative Strength Index (Stochastic RSI) has risen into the overbought region and shows signs that the indicator lines may stay in that zone.

Sui Retains Bullish Stance

The SUIUSDT market on the 4-hour chart reveals that price action may be poised to maintain its upward trajectory. The latest price candle remains above all GMMA lines, indicating continued strength. Additionally, the GMMA suggests that volatility is healthy.

However, the moderate upper and lower shadows on the latest price candle suggest the session is under moderate pressure from market forces. Despite this, the Stochastic RSI shows an upside crossover just below the 80 mark. As a result, traders may still consider bullish crypto signals, targeting the $1.5000 price level for short-term gains in this market.

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