Sui Crypto Price Prediction – SUI Price Estimated to Drop to $0.660460 By Jun 24, 2023

Sui Crypto Price Prediction – SUI Price Estimated to Drop to $ 0.660460 By Jun 24, 2023

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 up 3.72% today against the US Dollar
  • SUI/BTC increased by 2.98% today
  • SUI/ETH increased by 4.06% today
  • Sui Crypto is currently trading 16.40% above our prediction on Jun 24, 2023
  • Sui Crypto dropped -31.97% in the last month
Sui Crypto price$ 0.768751
Sui Crypto prediction $ 0.660460 (-14.01%)
Sentiment Bullish
Fear & Greed index 47 (Neutral)
Key support levels$ 0.692055, $ 0.665959, $ 0.616176
Key resistance levels$ 0.767934, $ 0.817717, $ 0.843813

SUI price is expected to drop by -14.01% in the next 5 days according to our Sui Crypto price prediction

is trading at $ 0.768751 after gaining 3.72% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 2.08% in the same time period. SUI performed well against BTC today and recorded a 2.98% gain against the world’s largest cryptocurrency.

According to our Sui Crypto price prediction, SUI is expected to reach a price of $ 0.660460 by Jun 24, 2023. This would represent a -14.01% 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 negative trend recently, as the coin lost -31.97% in the last 30-days. The medium-term trend for Sui Crypto has been bullish, with SUI increasing by 0.00% in the last 3 months.

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 $ 0.792361, while the cycle low is at $ 0.514718. SUI has been displaying high volatility recently – the 1-month volatility of the coin is at 18.86. Sui Crypto recorded 12 green days in the last 30 days.

Sui Crypto technical analysis for today – Jun 19, 2023

The sentiment in the Sui Crypto markets is currently Bullish, and the Fear & Greed index is reading Neutral. The most important support levels to watch are $ 0.692055, $ 0.665959 and $ 0.616176, while $ 0.767934, $ 0.817717 and $ 0.843813 are the key resistance levels.

Bullish sentiment for Sui Crypto

12 indicators are currently signaling a bullish prediction for Sui Crypto, while 4 indicators are showing a bearish forecast. With 75% of indicators favoring a positive prediction. This results in an overall Bullish sentiment for Sui Crypto.

Crypto market is currently experiencing Neutral

Currently, the Fear & Greed index is at 47 (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.

PeriodDaily SimpleDaily ExponentialWeekly SimpleWeekly Exponential
MA3$ 0.725839 (BUY)$ 0.718151 (BUY)
MA5$ 0.695359 (BUY)$ 0.717355 (BUY)
MA10$ 0.679225 (BUY)$ 0.709087 (BUY)
MA21$ 0.796608 (SELL)$ 0.774710 (SELL)
MA50
MA100
MA200
PeriodValueAction
RSI (14)32.23NEUTRAL
Stoch RSI (14)83.69SELL
Stochastic Fast (14)39.14NEUTRAL
Commodity Channel Index (20)-66.67NEUTRAL
Average Directional Index (14)41.67BUY
Awesome Oscillator (5, 34)-0.21NEUTRAL
Momentum (10)-0.01NEUTRAL
MACD (12, 26)0.01NEUTRAL
Williams Percent Range (14)-60.86NEUTRAL
Ultimate Oscillator (7, 14, 28)51.82NEUTRAL
VWMA (10)0.69BUY
Hull Moving Average (9)0.73SELL
Ichimoku Cloud B/L (9, 26, 52, 26)0.83NEUTRAL

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 32.23, 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 Bullish. SUI would have to decrease by -14.01% to hit our $ 0.660460 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/28774/sui-prediction-june-19-2023/