SUI has been going through an amazing rally lately and has just touched a new all-time high of $5.36. Traders and investors are all attracted to this sudden advance from the resistance level of $4.80.
Related Reading
At least SUI Let's continue the trend and hit $6 is still the question in the minds of most traders and investors. The next resistance is set at $5.67, and a break above that level can lead to higher prices. The overall market sentiment is positive, and it seems that the uptrend can sustain itself much longer.
The way to $6
SUI has been strong enough to cross the psychological mark of $4.80, and thus, the same has helped establish a strong support level that investors are waiting for to move to increase the upside.
If SUI can break above the $5.67 resistance, it could continue to go up to $6. As for the 2025 projections, they vary from $4.4 to $8.8, based on how the market behaves and where investors' heads are. That said, the unpredictable nature of the crypto market means that a correction could hit at any time, so caution wouldn't hurt.
Market awareness and expert opinions
The strength of SUI's technical indicators and favorable market outlook have boosted it. The general professional analysis of the token shows good future prospects. Crypto analyst Investing Heaven has noted that further development is still possible.
will be $SUI Continue to climb?
After an impressive 10x rally, SUI's long-term chart suggests further upside potential in 2025.
The rising trend line is important, acting as a basis for continued growth.
Maintaining this trend line could lead SUI to its 2025 price target. pic.twitter.com/EJBK4XCGZ6
— InvestingHaven (@InvestingHaven) January 6, 2025
The token's strong fundamentals and bullish momentum could lead to a breakout towards the $6 level. According to Investing Heaven, there are favorable technical patterns, with major moving averages and RSI levels indicating that SUI could continue with the upward movement.
There is no doubt that the news on SUI has positive feelings, although you should remember the volatility of the crypto market. Corrections due to sudden changes in circumstances or mood may occur at any time. In general, analysts still believe that SUI has strong reasons to ride out these shocks and continue a long-term upward trajectory.
Related Reading
Volatility & Investor Caution
Even if buyers are excited, they should be careful because the market can change quickly. Since cryptocurrencies are fragile, corrections are possible. As RSI and moving averages rise, they need to be watched to see how healthy SUI is.
Strong technicals point to a possible upside for SUI. If it breaks through $5.67, the altcoin could hit $6. When the market moves, it is important to be alert and careful with all cryptocurrencies.
At the time of writing, SUI was trading at $5.12, up 0.8% and 23.1% in the daily and weekly schedules.
Featured image from Revolutionizedchart from TradingView
