Sui Crypto (SUI) is currently trading at $1.82**, reflecting a **3.18% gain** in the past 24 hours against the US Dollar. Despite this short-term uptick, SUI remains **22.18% below** the projected price target of **$2.34 set for October 31, 2024. The coin has shown resilience in recent weeks, climbing 8.04% over the last month and surging 306.10% year-over-year, indicating strong long-term momentum despite near-term bearish signals.
The broader crypto market rose by 2.10% during the same period, meaning SUI outperformed the overall market. It also gained 3.19% against Bitcoin (BTC) and 2.51% against Ethereum (ETH), signaling relative strength in altcoin pairings.
👉 Discover how real-time market analysis can improve your next crypto move
SUI Price Forecast: Can It Reach $2.34 by October 31?
According to current technical models, Sui Crypto is expected to rise 30.16% in the next five days, reaching the predicted price of $2.34 by October 31, 2024. This would mark a significant rebound from its current level and align with previous bullish cycles.
However, with SUI trading below key moving averages and sentiment leaning bearish, achieving this target will require strong buying pressure and positive market catalysts.
Key Support and Resistance Levels
Understanding where price action may stall or reverse is crucial for traders and investors:
- Support Levels: $1.63, $1.52, $1.34
- Resistance Levels: $1.91, $2.09, $2.20
A break above $1.91** could signal renewed bullish momentum, while a drop below **$1.63 might trigger further downside pressure. The all-time high of $2.36, reached on October 13, 2024, remains just out of reach and serves as a psychological resistance zone.
Recent Performance: A Look at the Last 30 Days
Over the past month, Sui Crypto has posted an 8.04% gain, with 16 green days out of 30 — a sign of consistent upward movement despite volatility. The medium-term outlook remains positive, with SUI up 134.67% over the last three months.
From a long-term perspective, the growth is even more impressive. One year ago, SUI traded at just $0.447570, meaning holders have enjoyed a 306.10% return in 12 months.
SUI has also exhibited low volatility, with a 1-month volatility reading of 8.66, making it less erratic than many other altcoins. The current cycle high stands at $1.84**, while the cycle low was recorded at **$1.68, suggesting a tightening price range ahead of a potential breakout.
Technical Analysis: Bearish Signals Amid Greed-Fueled Market
Despite solid fundamentals and strong yearly performance, technical indicators suggest caution in the short term.
Market Sentiment: Bearish Outlook
Currently, market sentiment for Sui Crypto is classified as Bearish. Out of 28 analyzed technical indicators:
- 13 signal Bullish movement
- 15 indicate Bearish momentum
- This results in 54% bearish consensus
While not overwhelmingly negative, the slight tilt toward bearishness suggests that traders are hesitant to push prices higher without confirmation of sustained demand.
Fear & Greed Index: Market in "Greed" Territory
The overall cryptocurrency market is currently in "Greed" mode, with the Fear & Greed Index reading at 69. This indicates widespread optimism among investors, which can be both encouraging and cautionary:
- Positive aspect: Confidence drives capital inflows and price appreciation.
- Risk factor: Prolonged greed may lead to overbought conditions and sharp corrections.
Historically, when the index exceeds 70, pullbacks often follow — so vigilance is warranted even during bullish phases.
👉 Stay ahead of market shifts with advanced trading tools
Moving Averages: More Sell Than Buy Signals
Moving averages are essential for identifying trend direction. Here's how SUI stacks up across major timeframes:
Daily Moving Averages (Bearish Bias)
- MA3: $1.99 (Sell)
- MA5: $2.03 (Sell)
- MA10: $2.00 (Sell)
- MA21: $1.99 (Sell)
- MA50: $1.61 (Buy)
- MA100: $1.21 (Buy)
- MA200: $1.14 (Buy)
SUI is trading below most short- to mid-term moving averages, reinforcing downward pressure. However, longer-term averages like the 50-day and 200-day SMAs remain well below the current price — a sign of underlying long-term strength.
Weekly Moving Averages (Bullish Long-Term View)
- Weekly MA21: $0.43 (Buy)
- Weekly MA50: $0.78 (Buy)
These deep buy signals confirm that despite short-term weakness, the long-term trend remains firmly bullish.
Oscillators: Mixed but Leaning Toward Rebound
Short-term oscillators suggest potential for a bounce:
- RSI (14): 41.30 → Neutral (approaching oversold territory)
- Stoch RSI (14): 0.00 → Strong Buy signal
- Stochastic Fast (14): 6.80 → Buy
- Williams %R (14): -93.20 → Buy
- MACD (12,26): -0.06 → Neutral
- Average Directional Index (ADX): 30.40 → Trend strength present, but favors sellers
The combination of oversold oscillator readings suggests that a corrective rally could be imminent if selling pressure subsides.
Frequently Asked Questions (FAQs)
What is the current price of Sui Crypto?
As of October 27, 2024, Sui Crypto (SUI) is trading at $1.82.
Why is SUI below its price prediction?
SUI is currently trading 22.18% below the predicted target of $2.34 due to short-term bearish sentiment, technical resistance, and broader market consolidation despite strong long-term fundamentals.
Is Sui Crypto a good long-term investment?
With a 306.10% gain over one year and strong foundational metrics, SUI shows promise as a long-term investment. However, always conduct independent research and consult financial advisors before investing.
What factors influence SUI’s price movement?
Key drivers include network adoption, developer activity, ecosystem growth, macroeconomic trends, overall crypto market sentiment, and technical trading patterns.
How accurate are crypto price predictions?
Price predictions are based on historical data and technical models but cannot account for unexpected events like regulatory changes or black swan market movements. They should be used as guidance — not guarantees.
What should I watch for in the next five days?
Monitor whether SUI can break above $1.91 resistance, sustain volume-supported rallies, and respond to shifts in market sentiment or BTC dominance.
👉 Access real-time data to refine your trading strategy
Final Thoughts on Sui Crypto’s Outlook
While Sui Crypto remains below its projected target of $2.34 for October 31, 2024, the long-term trajectory remains bullish. The coin has demonstrated impressive growth over the past year and maintains strong support levels that could cushion further downside.
Short-term challenges include bearish moving averages and mixed sentiment indicators, but oversold oscillators suggest a rebound may be on the horizon. For traders and investors alike, monitoring key resistance levels — particularly $1.91 and $2.09 — will be critical in determining whether upward momentum can be sustained.
Although the path to $2.34 appears steep within five days, continued adoption of the Sui blockchain and positive market conditions could provide the necessary catalysts.
Ultimately, while technical models offer insight, cryptocurrency markets are inherently volatile and unpredictable. Always practice risk management and avoid making decisions based solely on forecasts.
Core Keywords: Sui Crypto price prediction, SUI price forecast, Sui Crypto analysis, SUI technical analysis, SUI to USD, Sui Crypto resistance levels, SUI market sentiment, Sui blockchain