The price of SUI has seen a major spikes recently, with an increase of over 400% between August and October. However, it has been experiencing a decline, as the price has dipped from around $2.36 to $1.69, a 30% decrease.
However, crypto analyst LAđť•ŹMAN thinks there could be a second chance to buy again before the price recovers and begins to spike again.
Read Also: Why Is Mantra (OM) Price Up Today?
Doge2014 raises 500K in days celebrating Dogecoin. Make potentially big profits and get in on exclusive airdrop!
Show more +The analyst emphasizes the importance of timing, pointing out that SUI serves as a perfect example of why one should avoid purchasing during peak hype. Just weeks ago, the coin was being touted as the next $SOL, but now it sits at a lower price, seeing a 30% drop.
Read Also: Pattern That Triggered Bitcoin’s Last 140% Rally Reemerges: BTC Price Spikes
For those who missed the initial surge, the analyst sees this as a chance to enter the market again. He points to two key SUI price levels to watch: $1.54, which he identifies as a potential bounce area, and a buying zone between $1.36 and $1.30.
This analysis suggests that cautious investors could benefit from these levels as they consider their next moves in the SUI market.
Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
Get all our future calls by joining our FREE Telegram group.
We recommend eToro
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
![]Why Is Mantra (OM) Price Gaining While Crypto Markets Fall? Analyst Explains](https://captainaltcoin.com/wp-content/uploads/2024/01/image-758-336x220.png)
