$SUI I Stands 1% Away From New High

The Layer-1 cryptocurrency SUI emerged among the highest-performing digital assets in September. From the recent bottom of $0.75, the SUI price surged 180% to trade at $2.18.

A bullish breakout from the $2 psychological level will give buyers potential support to challenge the ATH resistance of $2.17. A successful flip of overhead resistance into potential support could drive SUI price to $2.5 next

While the SUI price is poised to hit new highs, the oversold technical indicator suggests that the buyers must be exhausted. The Average Directional Index (ADX) at 54% hints the altcoin could enter a temporary pullback to recuperate the bullish momentum.

Currently, the 20-day exponential moving Average at $1.65 and 50 EMA at $1.35 stand as pullback support for crypto buyers.

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