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Bitcoin (BTC) rose to the highest new level ever on Thursday, rubbing the bullish feelings on the chosen altcoins. One like this is Altcoin (Sui), which rose 11.3 % to $ 3.41.

Can Sui continue its upward move? Let’s analyze the plans to find out.

SUI price prediction

SUI appeared sharply from the 20 -day SIA moving average (EMA) ($ 2.92) on Wednesday and fracture over the simple moving average for 50 days (SMA) ($ 3.08) on Thursday.

EMA is trying for 20 days to appear, and the RSI has jumped into a positive area, indicating that the bulls have returned to the game. If buyers keep the price over SMA for 50 days, the Sui/USDT pair may fall to $ 3.55.

Unlike this assumption, if the price decreases and decreases to less than 20 days of EMA, it indicates that the bears continue to sell it on the gatherings. The husband can go down to $ 2.64 and then to $ 2.29.

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The pair completed a bullish pattern in the head and holes on the closure of a higher level of $ 3.08. Although the isolated moving averages indicate an advantage of buyers, the level of peak purchase on RSI indicates that withdrawal may be just around the corner. The neckline is the decisive support to monitor it on the downside. If the price recovery from the neck line, the husband can gather to $ 3.50 and then to the goal of the pattern of $ 3.89.

This optimistic offer will be denied in the short term if the price is rejected and less than the moving averages. The husband may flood to $ 2.80 and then to $ 2.60.

This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.