BlockNews
FOLLOW ON X
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
Home CRYPTO

SUI Hits New Highs, Key Resistance Levels Indicate Continuous Bullish Trend

by Matoy
December 5, 2024
in CRYPTO
Reading Time: 2 mins read
A A
5
SHARES
76
VIEWS
Share on XShare in TelegramShare on Reddit
  • SUI surges by 16.4%, reaching $4.27 after strong bullish momentum across its market.
  • Daily trading volume at 149.47 million indicates significant investor participation driving price action.
  • Resistance at $4.50 and support at $3.50 highlight critical levels for traders watching the trend.

SUI, a notable player in the altcoin market, has surged to $4.27 after climbing 16.4% in the last 24 hours. The move reflects growing optimism from investors, with the cryptocurrency breaking past earlier resistance and aiming for new highs.

This rally is supported by a notable daily trading volume of 149.47 million, underscoring the heightened interest in SUI. With the market watching closely, the next directional move could be influenced by developments at key resistance and support zones.

Technical Indicators Reflect Bullish Momentum

CoinMarketCap reveals a strong uptrend, with SUI breaking past $4 and targeting the psychological resistance at $4.50. On the downside, $3.50 is acting as a significant support level, providing stability during minor corrections.

The Relative Strength Index (RSI) indicates that SUI is approaching overbought conditions, which could slow the upward trajectory temporarily. However, continued volume growth and positive sentiment may sustain the rally if the token breaks above $4.50 convincingly.

CoinMarketCap

What’s Next for SUI Investors?

SUI’s recent performance has attracted traders’ attention as it remains in a bullish structure. For short-term traders, a breakout above $4.50 could signal another rally, while long-term investors are likely to monitor its ability to hold support at $3.50.

Market analysts believe that sustained investor interest and favorable sentiment could push SUI toward higher levels. However, potential consolidation or pullbacks should not be ruled out as the token tests these critical areas.

Tags: Sui
Tweet1ShareShare
Previous Post

XRP Faces Resistance After Historic Surge, Testing Key Levels

Next Post

Chiliz $CHZ Price Surges Amid Growing Blockchain Sports Hype

DON'T MISS THESE! HOT OFF THE PRESS

Is Polkadot Dead or Just Getting Started? Here is the Shocking Truth
CRYPTO

Is Polkadot Dead or Just Getting Started? Here is the Shocking Truth

July 18, 2025
President Trump Says Crypto is Good for the Dollar, Claiming Genius Act Will Ensure America’s Dominance
CRYPTO

President Trump Says Crypto is Good for the Dollar, Claiming Genius Act Will Ensure America’s Dominance

July 18, 2025
President Trump Officially Signs Genius Act Into Law: Here is Why This is Game Changing
CRYPTO

President Trump Officially Signs Genius Act Into Law: Here is Why This is Game Changing

July 18, 2025
Trump Signs Genius Act Stablecoin Act, Says They Named the Bill After Himself
CRYPTO

Trump Signs Genius Act Stablecoin Act, Says They Named the Bill After Himself

July 18, 2025
Clarity Act Passes House: Cardano Eyes Commodity Status as New Crypto Rules Take Shape
CARDANO

Clarity Act Passes House: Cardano Eyes Commodity Status as New Crypto Rules Take Shape

July 18, 2025
$10 Trillion Asset Manager Charles Schwab Confirms Bitcoin and Ethereum Trading: Here is Why This is Bullish
BITCOIN

$10 Trillion Asset Manager Charles Schwab Confirms Bitcoin and Ethereum Trading: Here is Why This is Bullish

July 18, 2025
Load More

Related News

Is Polkadot Dead or Just Getting Started? Here is the Shocking Truth

Is Polkadot Dead or Just Getting Started? Here is the Shocking Truth

July 18, 2025
President Trump Says Crypto is Good for the Dollar, Claiming Genius Act Will Ensure America’s Dominance

President Trump Says Crypto is Good for the Dollar, Claiming Genius Act Will Ensure America’s Dominance

July 18, 2025
President Trump Officially Signs Genius Act Into Law: Here is Why This is Game Changing

President Trump Officially Signs Genius Act Into Law: Here is Why This is Game Changing

July 18, 2025
Trump Signs Genius Act Stablecoin Act, Says They Named the Bill After Himself

Trump Signs Genius Act Stablecoin Act, Says They Named the Bill After Himself

July 18, 2025
Clarity Act Passes House: Cardano Eyes Commodity Status as New Crypto Rules Take Shape

Clarity Act Passes House: Cardano Eyes Commodity Status as New Crypto Rules Take Shape

July 18, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin US Web3 X xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • HOME
  • CRYPTO
  • MEMECOINS
  • TECHNOLOGY
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.