SUI Nears ATH Target, Will the Altcoin Breakthrough or Will it Take Another Dip Before the Q4 Altcoin Pump?

• Bitcoin (BTC) has reclaimed the $63,000 price fueling altcoin rally action.
• SUI takes the lead having pumped over 120% in price over the last month alone.
• The asset nears its previous ATH price, analysts debate over breakthrough and retest targets.

October flips green as Bitcoin surges past the $63,000 target and the sentiment is slowly seeping into a myriad of altcoins across the crypto market. Presently, all eyes are on Sui (SUI). The altcoin received praise from Cardano’s Charles Hoskinson and continues to pump in price. 

SUI Leads Altcoin Pump

So far, SUI price stands at $1.94 and is up by 11% in the last 24 hours and up by 121% in the last month. Analysts are pleased to see SUI rise and expect it to possibly beat out its competitors in the crypto space this bull run. SUI is up by 333% this year and is expected to continue to set new ATH in the coming months. 

According to CoinMarketCap data, SUI set and ATH at $1.98 about six months ago. Presently, it is close to breaking past this previous ATH. Analysts expect this to occur soon following by an even greater pump taking the price of SUI to much higher highs in the thick of the coming bull run phase of the ongoing bull cycle.

Will SUI Set a New ATH or Face Another Retest?

According to the post above, SUI is pumping after a correction and is facing a major resistance level. It has also printed a huge double bottom neckline on the weekly time frame leading analysts to believe that a game-changing week is unfolding got the altcoin. Adding to this expectation is another crypto analyst who shares major price predictions for SUI. 

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As we can see from the post above, this analyst marks SUI to be the strongest coin over the last two months and states that imbalances have been left. He expects a retest to occur for SUI where the price could drop to $1.3 or $1.42. This will lead to more dip buying further resulting in SUI’s launch to set a higher high this bull cycle.