The SUI price has failed to hold its value above the $2 mark, recording a correction of ~3% in the past 24 hours.
The altcoin has surged ~140% this year and is currently valued at $1.8757, ranking 20th in the global crypto market.
The Simple Moving Average (SMA) indicates a strong bullish sentiment, while the MACD shows mixed-price sentiment for SUI coin in the crypto market.
If bullish sentiment sustains, SUI may break its ATH of $2.18 and head towards a new high. Otherwise, it could drop towards support levels of $1.6060 and $1.237.