Today, SUI Coin presents an intriguing scenario in the cryptocurrency market. Positioned above its pivot price, SUI seems poised for a bullish progression. Nevertheless, given the unpredictable nature of the crypto market, investors and traders should remain vigilant, considering both potential gains and risks.
SUI Price Target Today
This November 20, 2023, the cryptocurrency world is buzzing about SUI Coin, currently trading at $0.5616 as of 3:17 am UTC. This price is above the pivot point of $0.553, indicating a bullish trend, particularly after bouncing back from yesterday’s low of $0.5282.
This chart is generated from Tradingview.com: https://in.tradingview.com/chart/?symbol=BINANCE:SUIUSDT.P
SUI Price Prediction Today
SUI’s current position above the pivot price suggests potential for an uptrend. If the bullish momentum continues, SUI could first test the resistance level at $0.568. Success in surpassing this could see the coin targeting $0.577 and eventually aiming for a peak of $0.592. However, the volatile nature of cryptocurrencies means that a downturn is always a possibility. In such a scenario, SUI could fall back to support levels at $0.538, then $0.529, and in a more pronounced dip, to $0.514.
SUI Price Prediction Nov 20, 2023
Yesterday’s SUI/USDT trading data provides crucial insights. SUI fluctuated between a low of $0.5282 and a high of $0.5676, showing its capability to recover from dips. This trading pattern, combined with today’s bullish outset, suggests that SUI might break past its immediate resistance levels. Conversely, a bearish turn could see SUI retracting towards its support levels, echoing yesterday’s low trend.
SUI/USDT Daily Chart Analysis for Yesterday
The analysis of yesterday’s SUI/USDT chart reveals a balancing act between bullish and bearish market forces. SUI’s recovery from its daily low and closing near the high point indicates an emerging bullish sentiment. If this trend extends into today, SUI might successfully challenge and surpass its current resistance levels, using yesterday’s high as an initial benchmark. On the other hand, a downturn could result in SUI testing the support levels observed in yesterday’s trading.
Disclaimer: This SUI price prediction is for educational purposes only and should not be considered as financial advice. Investors are encouraged to conduct their research and consult with financial experts before making any investment decisions.