#GateLive Space：连麦畅聊币圈热点！ #GateLive Space: Voice Chat on Crypto Trends! Sui Price Prediction: Bull Market targets a new high of $6.35.

Date: January 10, 2025, Friday
SUI showed strong resilience, rising over 6% on Friday after experiencing a drop of over 10% earlier this week. The recent price movement has sparked optimism among traders, and on-chain indicators suggest a potential rebound may be on the horizon.
Key on-chain signal
Long/Short Ratio: The long/short ratio has reached its highest level in over a month, indicating an increase in bullish sentiment and favorable conditions for further upward movement.
Position: The increase in position also supports the possibility of continued upward movement, indicating that market participation and confidence in the potential of SUI are increasing.
Key support level
To maintain the bullish view, SUI must stay above the key support level. If the daily candlestick closing price is below $4.45, it will invalidate the current bullish argument, implying a possible reversal or further consolidation#SuiPrice .
Target Price
The goal of SUI bulls is to set a new historical high of $6.35, as the price is in an upward trend and is supported by favorable on-chain data and market structure.
Traders should closely monitor the price movement around $4.45 to look for any invalid signals, but if the bullish momentum continues, SUI may continue to rise to new highs.
#SUI CryptoForecast #GT Hits ATH – What’s Next? SuiToken