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Sui (SUIUSD) Upward Trend Still Dominates

Johnathon Fox
09/20/2024 | UPDATED ON: 09/20/2024

Sui (SUIUSD) Price Forecast: September 20

The Sui market remains positive today as the upward trend still dominates despite some fluctuations in the market. Currently, the price is stable above key supply levels, reflecting market volatility. If the coin price could sustain above the pattern supply trend line at the $2.181 barrier, the price value may trigger up to the overhead resistance mark at the $2.200 level, signaling strong market optimism and interest among investors.

Key Levels:
Resistance Levels: $1.100, $1.150, $1.200
Support Levels: $0.700, $0.600, $0.500

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

The upward trend still dominates the SUIUSD pair as the price is increasing visibly and experiencing a jolly bullish move in its long-term view. The prices are trading above the moving average lines, indicating an uptrend.
Sui (SUIUSD) Upward Trend Still Dominates
The sustained bullish pressure at the $1.190 high value in the previous action has made the upward trend dominate the Sui market and remain stronger above the supply trend lines in its recent high.

Today, an upward trend still dominates the Sui market as the bulls caused an increase in the coin price to a $1.232 high point above the resistance levels as the daily session commences, boosting the SUIUSD market value.

Hence, the Sui’s value is visibly increasing, and upward pressure still dominates the pair; therefore, if the bulls increase their tension in the market, the coin price may climb to a $2.181 barrier as the up-north journey continues.

Additionally, the upward trend might continue to dominate the Sui pair, as the upward trend still dominates the coin market. As a result, if the bullish pressure persists, the next price target by the Sui investors could be the $2.200 upper resistance level in the upcoming days as upward pressure still dominates the crypto market in its long-term perspective.

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

The SUIUSD pair will keep rising as the upward trend still dominates the market in the medium term. The price of Sui is progressing upward above the moving averages, suggesting that buyers are currently gaining more strength in the market.
Sui (SUIUSD) Upward Trend Still Dominates
The coin has been having a series of higher highs and higher lows in the past few hours, sustaining the bullish impact on the cryptocurrency.

The bulls’ aggressive move to the $1.201 resistance level above the EMA-50 shortly after the 4-hour chart opens today implies that upward pressure still dominates the SUIUSD pair, enhancing the coin price to rise further.

The bulls have the market at their disposal at the moment. However, a high retest to the breached $1.232 supply value suggests strength in bullish momentum.

In addition, the upward trend may continue to dominate the Sui market, as indicated by the daily signal pointing upwards. Hence, the price of SUIUSD might surge to a $2.200 barrier level soon as the upward trend still dominates in its medium-term outlook.

Buy Sui on Longhornfx

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About Johnathon Fox

Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.

View all posts by Johnathon Fox →
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