Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.
- Sui Crypto is down -3.23% today against the US Dollar
- Sui Crypto is currently trading 15.42% above our prediction on Jun 05, 2023
| Sui Crypto price | $ 0.971583 |
| Sui Crypto prediction | $ 0.841812 (-13.33%) |
| Sentiment | Bearish |
| Fear & Greed index | 51 (Neutral) |
| Key support levels | $ 0.981166, $ 0.961029, $ 0.921064 |
| Key resistance levels | $ 1.04, $ 1.08, $ 1.10 |
SUI price is expected to drop by -13.33% in the next 5 days according to our Sui Crypto price prediction
According to our Sui Crypto price prediction, SUI is expected to reach a price of $ 0.841812 by Jun 05, 2023. This would represent a -13.33% price decrease for SUI in the next 5 days.
SUI Price Prediction Chart
Buy/Sell Sui Crypto
What has been going on with Sui Crypto in the last 30 days
Sui Crypto has been displaying a positive trend recently, as the coin gained 0.00% in the last 30-days.
Sui Crypto reached its all-time high price on May 03, 2023, when the price of SUI peaked at $ 1.84. The current SUI cycle high is $ 1.10, while the cycle low is at $ 0.943508. SUI has been displaying low volatility recently – the 1-month volatility of the coin is at 9.65. Sui Crypto recorded 11 green days in the last 30 days.
Sui Crypto technical analysis for today – May 31, 2023
The sentiment in the Sui Crypto markets is currently Bearish, and the Fear & Greed index is reading Neutral. The most important support levels to watch are $ 0.981166, $ 0.961029 and $ 0.921064, while $ 1.04, $ 1.08 and $ 1.10 are the key resistance levels.
Bearish sentiment for Sui Crypto
3 indicators are currently signaling a bullish prediction for Sui Crypto, while 14 indicators are showing a bearish forecast. With 82% of indicators favoring a negative prediction. This results in an overall Bearish sentiment for Sui Crypto.
Crypto market is currently experiencing Neutral
Currently, the Fear & Greed index is at 51 (Neutral), which signals that investors have a neutral outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.
Sui Crypto moving averages & oscillators
Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Sui Crypto is positioned in the market right now.
| Period | Daily Simple | Daily Exponential | Weekly Simple | Weekly Exponential |
| MA3 | $ 1.04 (SELL) | $ 1.00 (SELL) | – | – |
| MA5 | $ 1.02 (SELL) | $ 1.02 (SELL) | – | – |
| MA10 | $ 1.02 (SELL) | $ 1.03 (SELL) | – | – |
| MA21 | $ 1.09 (SELL) | $ 1.07 (SELL) | – | – |
| MA50 | – | – | – | – |
| MA100 | – | – | – | – |
| MA200 | – | – | – | – |
| Period | Value | Action |
| RSI (14) | 31.22 | NEUTRAL |
| Stoch RSI (14) | 2.38 | BUY |
| Stochastic Fast (14) | 19.34 | BUY |
| Commodity Channel Index (20) | -66.67 | NEUTRAL |
| Average Directional Index (14) | null | NEUTRAL |
| Awesome Oscillator (5, 34) | null | NEUTRAL |
| Momentum (10) | -0.12 | NEUTRAL |
| MACD (12, 26) | null | NEUTRAL |
| Williams Percent Range (14) | -80.66 | BUY |
| Ultimate Oscillator (7, 14, 28) | null | NEUTRAL |
| VWMA (10) | 1.02 | SELL |
| Hull Moving Average (9) | 1.02 | SELL |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 1.16 | NEUTRAL |
The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Sui Crypto is at 31.22, suggesting that SUI is currently neutral.
The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Sui Crypto over the last 50 days. Currently, Sui Crypto is trading below the SMA 50 trendline, which is a bearish signal.
Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the SUI closing price for the last 200 days. SUI is now trading below the SMA 200, signaling that the market is currently bearish.
The bottom line about this Sui Crypto prediction
After considering the above factors, we can conclude that the current forecast for Sui Crypto price prediction is Bearish. SUI would have to decrease by -13.33% to hit our $ 0.841812 target within the next five days. Moving forward, it will be important to monitor the SUI market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Sui Crypto price predictions click here.
Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.
Source: https://coincodex.com/article/27907/sui-prediction-may-31-2023/