- Altcoin SUI sits at the same area as previous bullish pump move.
- Will the same play out for the altcoin asset soon?
- The price of SUI is expected to hit $8 – $9 ATH this cycle.
Altcoin prices continue to surge and reclaim higher price targets, leading to rising hope for a bullish altseason peak phase. Among the many bullish altcoins in the space, some assets are gaining more recognition than others as they have already surged by a small amount since the bear market ended. For instance, altcoin SUI sits at the same area as previous bullish pump move, will the same play out soon?
Altcoin SUI Sits at the Same Area as Previous Bullish Pump Move
The crypto market is experiencing a surge in many altcoin prices, showing that most altcoins seem to be ready for a promising rise in their prices soon. This paired with the facts that several altcoins have been printing multi-year long bullish indicators across their respective price charts as well as the matter of the total altcoin price chart also printing multi-year bullish indicators, all point to a promising price surge soon.
So far, many altcoin assets have already surged by a small amount. While over the year-long bear market prices went up and down until bottom prices were met, most of the progress was lost. Now in a matter of weeks, as BTC and ETH prices both surged to break past several crucial resistance levels, the action of altcoin prices followed suit, meaning only a few barriers sit before bullish pumps can occur.
At the moment, experts believe the price of BTC will soon go on to break past the $82,000 – $84,000 price range. Once this move is complete, it is certain that the bull market has begun. Similarly, the price of ETH is expected to retake $3,000 – $3,5000 prices, allowing altcoins across the board to follow through. What’s more, for this cycle, ETH is expected to outperform ETH, meaning most other altcoins could do the same.
Will the Same Surge Play Out for SUI Again?
Among the many altcoins showing promising bullish indicators, SUI is one that seems to be catching the attention of the masses today. According to CoinMarketCap analytics, the price of SUI is currently sitting at $0.73, showing that the asset is up by 1.2% over the last 24 hours. However, in terms of the last 7 days, the asset is down by almost 11%. Meanwhile, in terms of the last 30 days, the asset is up by over 6%.
As we can see from the post above, the price of SUI is back in the same area where the last monster move started. Last time this setup appeared, SUI saw a price surge of over 958%. Now, the price has completed the full reset and is sitting around $0.72 again while the chart is flashing another buy signal. If the cycle repeats, the previous highs around $5 are only the first major checkpoint. The bigger expansion points toward $8 – $9, which would be roughly a pump of over 1,200% from here.
