Sui (SUI), one of the fastest-growing altcoins after the decline in Bitcoin (BTC), pleased its investors with its latest price movement.
The altcoin market, which was shaken after BTC dropped to $ 35,600 in the past hours, started to recover. While BTC settled above $37,000, increases exceeding 10 percent were recorded in many altcoins. SUI, which usually comes to the fore with its lock openings and downward movements, surprised this time. Recovering quickly, SUI managed to get its name on the “Top Rising” list, albeit from the back row, with an increase of 11.09 percent in the last 24 hours.
Can SUI, which has the wind at its back for now, maintain this momentum? Which price zones should be considered for SUI?
It is advancing step by step into the main resistance zone!
After BTC exceeded $ 37,000, SUI gained a little more volume and rose from $ 0.50 to $ 0.59. The popular coin, which found buyers at $ 0.5788 as of the writing of the news, will not test $ 0.68 when it breaks $ 0.6203. If the $0.68 level, which is a critical threshold, is exceeded in volume, a movement towards 0.7168 – 0.7507 – 0.7853 and $0.8245 may occur, respectively.
If lock openings increase the selling pressure, BTC’s bearish movement, or SUI’s failure to price above $0.5751, it will trigger a new selling wave. In such a scenario, declines up to 0.5517 – 0.5109 – 0.4825 and 0.4721 dollars can be followed, respectively. Especially if $0.5109 is lost, sellers can take control and shake the short-medium term price structure.
