CONNECT WITH US
Web3 & Blockchain

Web3 & Blockchain

SUI Price Prediction: $1.00 Floor at Risk After Bullish Trigger Level Breaks Down

Blockchain.News logo

Published on

Add as a preferred source on Google
SUI Price Prediction: $1.00 Floor at Risk After Bullish Trigger Level Breaks Down

Sui (SUI) fell 6.15% to $1.00 on October 15, slipping below the $1.0552 level that Coin Edition analyst Parshwa Turakhiya identified on October 10 as the minimum condition for a rally toward $1.243...

Market analysis includes conditional scenarios, not assured price outcomes or investment advice. Check the data, assumptions and dates cited.

Sui printed a 24-hour low of $0.96 before recovering to approximately $1.00, according to Binance spot data for October 15. That decline carries specific analytical weight: writing for Coin Edition on October 10, Parshwa Turakhiya set $1.0552 as the line in the sand underpinning a bullish outlook with initial and extended targets of $1.2431 and $1.3037 respectively. SUI is now trading below that threshold. By the explicit conditions of that analysis, the bullish setup is invalidated until price reclaims it.

The short-end moving average picture is uniformly bearish relative to current spot. Price at $1.00 sits below the 7-day SMA ($1.06), the 20-day SMA ($1.13), the EMA 12 ($1.07) and the EMA 26 ($1.05). On the other hand, the 50-day SMA ($0.94) and the 200-day SMA ($0.86) remain below spot, preserving a longer-term structural base — though at their current distance from price, they serve better as a floor reference than as near-term support.

Bollinger Band geometry reinforces the caution. 27 offering no immediate gravitational pull higher. 08 without requiring any unusual volatility event.



Source link
Related Topics:Web3 & Blockchain

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.