Can SUI Price Go Beyond $2?

1 de out. de 2024

SUI has had a robust Q3, with its price nearing $1.92 intraday. The momentum suggests it is poised for another push to break the $2 mark.
This seems achievable as both spot and derivatives markets show bullish indicators.
In the spot market, strong liquidity indicates high demand. While in the derivatives market, funding rates, open interest, and short liquidations all favor a bullish outlook.

The targets to watch are $1.95 and $2.18, which need to be surpassed for a more impressive rally.
However, if SUI fails to break through the $1.95-$2.00 zone, a sell-off could be triggered. Investors should conduct their own research (DYOR) and avoid fear of missing out (FOMO) at this stage.