The cryptocurrency market has seen another substantial resurgence in the past 24 hours, with SUI among the top performers.<\/p>\n
The asset has drawn bullish forecasts, with some projecting a short-term rise to $1.40, while others have made more optimistic bets.<\/p>\n
As of this writing, SUI trades around the $1 psychological mark (according to CoinGecko), up 17% in the past day. In fact, this is the highest the price has reached in the past four months, with the token\u2019s market capitalization surging past $4 billion.<\/p>\n
The renowned analyst Ali Martinez spotted<\/a> three bullish factors that could support an additional rally. First, he noted that the Tom DeMark Sequential indicator printed a 13th buy signal in late July. Since then, SUI has jumped by 45%, showing that the initial reversal signal has already gained traction. Next on his list is the SuperTrend indicator, which also flipped to \u201cbuy.\u201d<\/p>\n \u201cThis suggests the rally could extend into a broader macro shift from bearish to bullish momentum,\u201d he said.<\/p>\n The analyst\u2019s next element is the Parabolic SAR, which could also print a buy signal this week. Martinez estimated that if SUI rises above $0.98 (as it happened), the SAR dot would move below price, thereby confirming an uptrend and potentially acting as dynamic support.<\/p>\n Last but not least, he claimed that the asset appears to be trading within a parallel channel on the weekly chart. He said the structure\u2019s mid-range at nearly $1.03 is the immediate upside target, and a break above would put the upper boundary at $1.40 in focus.<\/p>\n This isn\u2019t the first time Martinez has touched on SUI this month. In mid-September, he said<\/a> the token\u2019s TD Sequential indicator printed a buy signal on the 12-hour chart, noting that such a formation has been \u201cremarkably accurate at identifying major trend shifts.\u201d<\/p>\n X user Ucan_Coin paid<\/a> special attention to the $0.9725 area, the top of the range that had held for months. The analyst believes that if this level starts acting as support, the setup has a solid base for a move higher.<\/p>\n \u201cStructurally, we\u2019re seeing higher lows and higher highs forming, which could mean the trend is changing. Above, $1.0370 is the first target, followed by $1.1637 and then the $1.38 area. These levels mark areas where price reacted before. They weren\u2019t drawn randomly,\u201d they claimed.<\/p>\n At the same time, the market observer warned that a drop below $0.9725 would weaken the structure and could hand bears back control.<\/p>\n Captain Faibik and Mikybull Crypto also weighed in, and both stand firmly in the bulls\u2019 corner. The former envisioned<\/a> a potential jump above $3 in the coming months, while the latter predicted<\/a> a price explosion to $15.<\/p>\n The post Sui (SUI) Hits a 4-Month High: 3 Reasons Why It Can Pump Even More<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" The cryptocurrency market has seen another substantial resurgence in the past 24 hours, with SUI among the top performers. The asset has drawn bullish forecasts, with some projecting a short-term rise to $1.40, while others have made more optimistic bets. The Positive Signs As of this writing, SUI trades around the $1 psychological mark (according […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-230232","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/230232"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=230232"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/230232\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=230232"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=230232"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=230232"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}More Predictions<\/h2>\n