- Sui (SUI) made its way onto CoinMarketCap’s trending list – occupying the 4th position.
- The altcoin had printed a 0.75% gain and was trading at $0.09579 at press time.
- A close above $0.96530 today will clear a path for SUI’s price to climb to above $1.
Sui (SUI) occupied the 4th spot on CoinMarketCap’s list of trending cryptocurrencies after it was one of the few tokens that experienced a price increase over the past day. At press time, the altcoin was trading hands at $0.9579 after a 0.75% price rise.
As a result, SUI was trading much closer to its daily high of $0.9643 than its 24-hour low of $0.9233. SUI’s increase in price also allowed it to strengthen against both Bitcoin (BTC) and Ethereum (ETH) by about 1.20% and 1.32% respectively.
Despite its good performance over the past day, SUI’s weekly performance was still firmly set in the red zone at -4.625. In addition to this, SUI’s monthly performance was also still down by more than 24%. Meanwhile, the crypto’s 24-hour trading volume experienced a drop of 23.56%, which left it standing at $124,725,777.
From a technical perspective, SUI’s price rebounded off of the key support level at $0.91131 over the past 24 hours. Since then, SUI’s price has climbed and attempted to flip the next resistance level at $0.96530 into support, but bears were able to defend the mark and keep SUI’s price below the price point at press time.
Should the altcoin’s price be able to flip the resistance level into support in the next 24 hours, it will have a clear path to climb to above $1 in the next 48 hours. On the other hand, failure to close today’s trading session above $0.9653 will put SUI’s price at risk of dropping to $0.91131 in the coming few days.
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 made its way to CoinMarketCap’s trending list after it printed a gain of 0.75% while most of the market tumbled. Read more on CE.){kind=link}