I need accurate price prediction for sui coin for thid late november based on statistics and market

Sui Coin Price Prediction for Late November 2024

Current Market Overview

As of November 8, 2024, the price of Sui (SUI) is $2.32, with a 24-hour trading volume of $1.03 billion. The market cap stands at $6.60 billion, with a circulating supply of 2.85 billion SUI tokens. Over the past 24 hours, the price has seen a slight increase of 0.36% (CoinDesk).

Short-Term Price Predictions

November 2024 Forecast

• Price Range: Predictions for November suggest a potential price increase, with SUI trading between $2.34 and $8.09. This range is influenced by the previous month's market performance (CoinCodex).
• End of Month Target: The price is expected to reach $2.60 by the end of November, marking a 25% increase from the beginning of the month (LongForecast).

Factors Influencing Sui's Price

Market Sentiment

• Bullish Indicators: Technical analysis shows a bullish sentiment with 24 indicators signaling buy and only 3 signaling sell (CoinCodex).
• Resistance and Support Levels: The first major resistance for SUI is at $2.36. If the price closes above this level, it could continue to rise. Conversely, if it falls below $2.18, further declines may occur (CoinLore).

External Market Conditions

• Bitcoin Influence: The broader cryptocurrency market, including Bitcoin, has shown optimism, with Bitcoin trading above $44,000. This positive sentiment can spill over to altcoins like Sui (CoinDesk).
• Regulatory Environment: Ongoing regulatory discussions and potential compromises in the crypto industry could impact market dynamics and investor confidence (CoinDesk).

Long-Term Outlook

Future Price Projections

• 2025 and Beyond: Sui is expected to experience significant growth, with potential highs reaching $15.49 by 2029. This represents a substantial gain from current levels (CoinCodex).
• 2030 Forecast: By 2030, Sui's price could range between $11.77 and $13.60, with an average price of $12.18 (Changelly).

Conclusion

The Sui coin is poised for potential growth in late November 2024, with predictions indicating a price increase. Key factors such as market sentiment, resistance levels, and broader market conditions will play crucial roles in determining its trajectory. Investors should monitor these elements closely to make informed decisions.