The post the strong growth of SUI and its next directions appeared on BitcoinEthereumNews.com.

Kraken has shared a report with its analysis of crypto prices as of October 1, 2024, highlighting the strong growth of SUI. Meanwhile, Bitcoin (BTC) tests the resistance, Ethereum (ETH) gains ground, and Solana (SOL) remains in its range.  Kraken and the crypto price analysis: the strong growth of SUI and its possible trends for October 2024 The crypto-exchange of Kraken has released its report with an analysis of the prices of some crypto as of October 1, 2024.  Among others, Kraken highlights the strong growth of SUI during September 2024, emphasizing the 18th of the month when the crypto broke the resistance at $1.24 and started to rise.  From that moment, the price of SUI has surpassed all key moving averages and is steady in the overbought zone of the RSI.  At the time of writing, the price of SUI is $1.81, in a pump of 136% compared to thirty days ago.  According to Kraken’s analysis, this strong growth could indicate both a strong momentum of SUI but, at the same time, also a potential short-term exhaustion. In fact, trying to give a direction of SUI for this October 2024 that has just begun, the analysts at Kraken warn that a movement towards the previous swing high at $2.17 remains possible. However, if SUI retraces to the previous resistance level of $1.24, this would provide a solid base for a more sustained bull movement. Kraken and the analysis of crypto prices: the situation of Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) Always trying to define the crypto situation as of October 1, 2024, Kraken then analyzed the prices of Bitcoin (BTC), Ethereum (ETH) and Solana (SOL).  The queen of crypto BTC has gradually reclaimed all the key moving averages, signaling a shift to a bull stance.  Now, BTC starts…

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Filed under: News - @ October 2, 2024 7:24 am