SUI cryptocurrency is exhibiting a bullish momentum after rebounding from a $1.5 support level. The price is currently trading above the 100-day Simple Moving Average, which is a positive sign for investors tracking this trend.
A key resistance level has been identified at $2.18. There are potential targets up to the all-time high of $2.36 if the resistance is successfully surpassed, suggesting that the rally could continue if these thresholds are broken.
Technical indicators, such as the Composite Trend Oscillator, indicate a positive and strengthening trend in the SUI market. This information is crucial for both short-term traders and long-term investors who might consider holding the SUI cryptocurrency.
Maintaining critical support levels, which have been established at $1.5 and $1.42, is essential for ensuring the sustainability of this upward movement and preventing a reversal of current gains.
