- Altcoin SUI enters ideal spot for accumulation.
- Expert analyst shares two possible scenarios.
- SUI could see another dip before a surge or surge directly.
The altcoin market continues to be a prime source of stress and hope for the crypto community. Ever since the previous bull market missed its expected altseason pump phase, the long-awaited altseason peak seems to be a wishful dream. Even as altcoins show promising signs for pumps, they continue to see a dip in price. At the moment, altcoin SUI enters ideal spot for accumulation.
Altcoin SUI Enters Ideal Spot for Accumulation
According to CoinMarketCap analytics, the price of SUI is currently trading at the $0.64 price range, showing that the asset is down by 4.19% in the past 24 hours. The asset is also down by 6% and 13.53% over the past 7 days and 30 days respectively. Early last year, the price of SUI set its ATH record at the $5.34 price range. This means that the price of SUI will have to pull a pump of almost 100% to reclaim its previous ATH price record.
So far, the crypto market has not seen any luck with altcoin price pump, especially not as compared to Bitcoin’s run. In detail, over the past two years, the price of Bitcoin went on to surge from the $65,000 price range to the $126,000 price range, hitting a high number of new ATH price records. Its momentum even led to bullish ATH forecasts expecting the asset to hit numbers as high as $500,000.
Instead, the bear market arrived leading to not only the price of BTC falling to lower prices but also to altcoins failing to surge and hit new ATH prices of their own. Most altcoins either missed their pump or failed to reclaim their previous ATH prices, let alone hit new ATH records, despite many assets showing strong bullish indicators across their price charts. In fact, some altcoins continue to show strong bullish signals.
Expert Analyst Shares Two Possible Scenarios
Even across the entire altcoin price chart, the industry has printed multi-year long bullish indicators marking a high possibility for the entire altcoin market to enter a bullish surge allowing for the long-awaited altseason peak phase where several altcoins are expected to high new ATH records and pull face-melting pumps. Is there still a possibility for altcoins to pull this off before the year ends?
As we can see from the post above, this expert reveals that he believes SUI to be in an ideal spot to be accumulated. Thus, he expects one of two scenarios. The first is the fact that the recent sweep of the low will end up with a HL at $0.6725 and SUI will break upwards quickly in the coming days, in which he expects $0.745 to be the potential resistance zone. The other expectation is that Bitcoin price falls, meaning SUI could fall below $0.65.
