Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ALTCOIN NEWS»SUI Targets NEAR to Beat Litecoin: Why the $2.40 Level Matters
ALTCOIN NEWS

SUI Targets NEAR to Beat Litecoin: Why the $2.40 Level Matters

By Crypto FlexsOctober 20, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
SUI Targets NEAR to Beat Litecoin: Why the .40 Level Matters
Share
Facebook Twitter LinkedIn Pinterest Email
  • As weak hands exit the market, SUI could be ready for a breakout.
  • If this happens, your ranking within the top 20 may change.

Sui (SUI) has shown significant influence, surpassing Litecoin (LTC) in market capitalization over the past 30 trading days. The growing user base has certainly fueled this upward trend.

However, recent weekly declines of more than 3% have put SUI on the top loser charts.

This gap led analysts at AMBCrypto to investigate whether the recent decline was a deliberate attempt to shake off a weak hand, setting the stage for stronger pressure that could push SUI to close near $2.40.

If so, a rebound could nearly depress its status as the 17th-largest cryptocurrency by market capitalization. Otherwise, Litecoin appears ready to reclaim its position.

SUI has reached a trading milestone.

Interestingly, SUI has shown strong upside potential over the past two months. Despite the bearish cycle, the bulls prevented a retracement and held on to the last support level at $0.53.

Trading at $2.06 at press time, SUI has seen an impressive rise in a short period of time. This surge was marked by a significant peak, with RSI becoming overextended.

However, despite these concerns, the token maintained its upward trajectory, experiencing only minor issues and running smoothly strategically with bullish support.

This momentum is fueled by a network design that aims to address the shortcomings of traditional blockchains by enabling faster transactions without congesting the network.

SUI, which achieved 270K TPS, boasted an incredible trading volume of $6 billion and created a huge stir among cryptocurrency users.

This success led SUI to hit an ATH of $2.40 just a week ago.

However, as this price range represents a potential high, many wallets have begun offloading their holdings, leading to a significant decline in daily trading, which has halved to $20 million.

SUI activities

Source: Artemis Terminal

This trend suggests that the surge has turned many stakeholders to the benefit, forcing the weaker hands out.

However, for a bounce to materialize, it will be important for new buyers to target the local low of $2 with potential downside hoping for a rally that could deliver significant profits.

If this trend holds, SUI could experience an intense rebound, potentially leading to a new ATH. In such a scenario, the ranking within the top 20 may fluctuate due to market capitalization.

Fierce competition ahead

Surprisingly, despite the surge experienced by SUI over the past 60 days, spot traders continued to sell off their holdings, reducing daily trading volume to $30 million.

However, prices have stabilized, suggesting potential accumulation by stakeholders, which is critical for a rebound.

net flownet flow

Source: Coinglass

The recent weekly decline has brought SUI closer to $2.05, so it is essential for holders to view this as an ideal entry point. Recent red wicks indicate that many people are adopting this strategy.


Read Sui (SUI) Price Prediction for 2024-25


If this trend holds, SUI could be primed for a significant correction near $2, as the recent MACD crossover has turned bearish, suggesting prices could fall unless spot traders increase buying activity.

If this new interest materializes near $2, a strong rebound could follow. However, to outperform NEAR, a rebound would require SUI to return to around $2.40.

Next: Is Litecoin’s Price Resurgence Underway? Social engagement can be key!

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Binance’s average orders for Ether Leeum recorded a level in 2023.

June 1, 2025

SUI PASSESS votes for CETUS $ 162 million

June 1, 2025

Cronos

June 1, 2025
Add A Comment

Comments are closed.

Recent Posts

2025 Bitcoin: Main Highlights and Strategic Presents

June 1, 2025

The boring APE NFT Maker sells Moonbirds IP to the Orange Cap Game.

June 1, 2025

Binance’s average orders for Ether Leeum recorded a level in 2023.

June 1, 2025

NVIDIA NIM improves SQL inferences between text in Vanna for improved analysis.

June 1, 2025

Destino Devconnect-Local subsidy round that brings Argentina Onchain

June 1, 2025

SUI PASSESS votes for CETUS $ 162 million

June 1, 2025

Github University 2025 emphasizes AI -based development and community buildings

June 1, 2025

Upgrade to improve the BTFS V4.0 upgrade network and improve the BTTC ecosystem

June 1, 2025

Ether Leeum price is faced with light correction -focus of support level

June 1, 2025

Cronos

June 1, 2025

Elevenlabs integrates Anthropic’s Claude Sonnet 4 for Advanced AI Voice Agent.

June 1, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

2025 Bitcoin: Main Highlights and Strategic Presents

June 1, 2025

The boring APE NFT Maker sells Moonbirds IP to the Orange Cap Game.

June 1, 2025

Binance’s average orders for Ether Leeum recorded a level in 2023.

June 1, 2025
Most Popular

NavCoin: A revolutionary digital currency you need to know – Defi Info

January 26, 2024

Bitfinex lists GOMINING token (GOMINING)

December 12, 2023

Altcoins may be preparing for the Q1 Hype Cycle, says Crypto Trader. Here’s what he means:

January 29, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.