{"id":118893,"date":"2024-10-27T09:03:45","date_gmt":"2024-10-27T02:03:45","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=118893"},"modified":"2024-10-27T09:03:45","modified_gmt":"2024-10-27T02:03:45","slug":"can-sui-repeat-its-360-surge-after-recent-13-loss-assessing","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=118893","title":{"rendered":"Can SUI repeat its 360% surge after recent 13% loss? Assessing&#8230;"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div>\n<ul>\n<li><em><span style=\"font-weight: 400;\">SUI has remained bullish despite experiencing two bearish cycles.<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">Can it replicate this success once again?<\/span><\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Positioned among the top losers this week, <\/span><a href=\"https:\/\/ambcrypto.com\/predictions\/sui-price-prediction\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span style=\"font-weight: 400;\">Sui [SUI]<\/span><\/a><span style=\"font-weight: 400;\"> has dropped over 13%, retracing back to $1.70 with a daily dip nearing 10%. This pullback follows a strong September rally that propelled SUI past $2.30.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As weak hands exit, some investors may view the current price as an attractive entry point. However, with market-wide volatility on the rise, can SUI defy the odds and stage a rebound?<\/span><\/p>\n<h2><b>History may be repeating itself<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">After a six-month slump, SUI experienced a significant rally in early August, thanks to <\/span><a href=\"https:\/\/www.grayscale.com\/crypto-products\/grayscale-sui-trust\" target=\"_blank\" rel=\"noopener nofollow external noreferrer\" data-wpel-link=\"external\"><span style=\"font-weight: 400;\">Grayscale\u2019s<\/span><\/a><span style=\"font-weight: 400;\"> support, which offered traders indirect exposure to the asset. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">This increased visibility highlighted SUI\u2019s fast transaction speeds and smart contract capabilities, helping investors appreciate its true utility.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As a result, the token enjoyed a remarkable upward swing over two consecutive months, achieving a staggering 360% surge to an all-time high of $2.30, even amid two bearish cycles during this period.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A similar pattern is emerging now. On X (formerly Twitter), the developers <\/span><a href=\"https:\/\/x.com\/SuiNetwork\/status\/1849909749032288682\" target=\"_blank\" rel=\"noopener nofollow external noreferrer\" data-wpel-link=\"external\"><span style=\"font-weight: 400;\">announced<\/span><\/a> <span style=\"font-weight: 400;\">the integration of MemeFi, the largest game on Telegram, into the Sui network. This once again showcased its impressive throughput.<\/span><\/p>\n<div id=\"attachment_437098\" style=\"width: 1609px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-26-170803.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-437098\" class=\"wp-image-437098 size-full\" alt=\"SUI activity\" width=\"1599\" height=\"718\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-26-170803.png 1599w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-26-170803-300x135.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-26-170803-1024x460.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-26-170803-768x345.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-26-170803-1536x690.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-26-170803-1200x539.png 1200w\" data-lazy-sizes=\"(max-width: 1599px) 100vw, 1599px\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-26-170803.png\"\/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-437098\" class=\"wp-image-437098 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-26-170803.png\" alt=\"SUI activity\" width=\"1599\" height=\"718\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-26-170803.png 1599w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-26-170803-300x135.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-26-170803-1024x460.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-26-170803-768x345.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-26-170803-1536x690.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-26-170803-1200x539.png 1200w\" sizes=\"auto, (max-width: 1599px) 100vw, 1599px\"\/><\/a><\/p>\n<p id=\"caption-attachment-437098\" class=\"wp-caption-text\">Source : Artemis Terminal<\/p>\n<\/div>\n<p><span style=\"font-weight: 400;\">While this is certainly an encouraging sign to maintain momentum, the impact on the token\u2019s daily transactions \u2013 its main USP \u2013 has been minimal.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"> Daily transactions declined from 4.8 million to 4.6 million, along with other key metrics.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, there has been a notable increase in new wallets entering the ecosystem, rising from 90K to 130K. This spike suggests fresh interest in the market.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This development is significant for two reasons : new buyers are viewing the current price as a market bottom, and it indicates growing optimism about SUI\u2019s future potential \u2013 a bullish sign.\u00a0<\/span><\/p>\n<h2><b>SUI may be strategizing on THIS for a rebound<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Unlike the previous cycle, where the RSI soared above the 70 threshold \u2013 signaling an overheated market \u2013 SUI currently sits at a more comfortable level, with buying interest remaining subdued.<\/span><\/p>\n<div id=\"attachment_437097\" style=\"width: 1834px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/SUIUSDT_2024-10-26_17-18-16.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-437097\" class=\"wp-image-437097 size-full\" alt=\"price action\" width=\"1824\" height=\"774\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/SUIUSDT_2024-10-26_17-18-16.png 1824w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/SUIUSDT_2024-10-26_17-18-16-300x127.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/SUIUSDT_2024-10-26_17-18-16-1024x435.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/SUIUSDT_2024-10-26_17-18-16-768x326.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/SUIUSDT_2024-10-26_17-18-16-1536x652.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/SUIUSDT_2024-10-26_17-18-16-1200x509.png 1200w\" data-lazy-sizes=\"(max-width: 1824px) 100vw, 1824px\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/SUIUSDT_2024-10-26_17-18-16.png\"\/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-437097\" class=\"wp-image-437097 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/SUIUSDT_2024-10-26_17-18-16.png\" alt=\"price action\" width=\"1824\" height=\"774\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/SUIUSDT_2024-10-26_17-18-16.png 1824w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/SUIUSDT_2024-10-26_17-18-16-300x127.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/SUIUSDT_2024-10-26_17-18-16-1024x435.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/SUIUSDT_2024-10-26_17-18-16-768x326.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/SUIUSDT_2024-10-26_17-18-16-1536x652.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/SUIUSDT_2024-10-26_17-18-16-1200x509.png 1200w\" sizes=\"auto, (max-width: 1824px) 100vw, 1824px\"\/><\/a><\/p>\n<p id=\"caption-attachment-437097\" class=\"wp-caption-text\">Source : TradingView<\/p>\n<\/div>\n<p><span style=\"font-weight: 400;\">While this may sound bearish, the current position could actually encourage continued buying interest, as there is no significant selling pressure looming.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Coupled with the rise in new wallets, there is a solid chance for the token to rebound. This might happen by leveraging the ongoing market volatility to attract capital away from high-cap altcoins toward more affordable alternatives.<\/span><\/p>\n<hr\/>\n<p style=\"text-align: center;\">Read\u00a0<a href=\"https:\/\/ambcrypto.com\/predictions\/sui-price-prediction\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">Sui\u2019s [SUI] Price Prediction<\/a>\u00a02024-25<\/p>\n<hr\/>\n<p><span style=\"font-weight: 400;\">Thus, it may not be too optimistic to expect SUI to defy the odds once again and potentially see an upward swing back to $2. If the overall market sentiment remains bearish, SUI could even post a new all-time high. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, consistent monitoring of two key metrics \u2013 new interest and the performance of other altcoins \u2013 will be essential.<\/span><\/p>\n<div class=\"post-nav\">\n<div class=\"next-blog\">\n\t\t\t\t\t\t\t\t\t\t\tNext: <a href=\"https:\/\/ambcrypto.com\/popcat-bears-eye-1-2-support-as-momentum-weakens-whats-next\/\" rel=\"prev\" data-wpel-link=\"internal\">POPCAT bears eye $1.2 support as momentum weakens: What\u2019s next?<\/a>\t\t\t\t\t\t\t\t\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/ambcrypto.com\/can-sui-repeat-its-360-surge-after-recent-13-loss-assessing\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SUI has remained bullish despite experiencing two bearish cycles. Can it replicate this success once again? Positioned among the top losers this week, Sui [SUI] has dropped over 13%, retracing &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=118893\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-118893","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/118893","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=118893"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/118893\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=118893"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=118893"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=118893"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}