SUI targets $3 Amid $2 breakout
Current Price: $2.04, reflecting a significant 7.55% increase in the last 24 hours.
Weekly Performance: SUI has surged 8.29% over the past week, demonstrating strong resilience in a fluctuating market.
Recent Chart Patterns: The formation of a bullish engulfing candle indicates heightened buying pressure, positioning SUI to challenge the $2.07 resistance level.
Fibonacci Levels: If SUI breaks above $2.07, it could target the $3.00 psychological mark, representing a 50% upside potential in the short term.
Technical Indicators:
The MACD shows a positive crossover, suggesting strong bullish momentum.
Increasing bullish histograms support the likelihood of continued upward movement.
Market Sentiment: With a market cap of $5.63 billion, SUI's positive momentum amidst a Bitcoin pullback positions it as a potential star for the upcoming October rally.
Weekly Performance: SUI has surged 8.29% over the past week, demonstrating strong resilience in a fluctuating market.
Recent Chart Patterns: The formation of a bullish engulfing candle indicates heightened buying pressure, positioning SUI to challenge the $2.07 resistance level.
Fibonacci Levels: If SUI breaks above $2.07, it could target the $3.00 psychological mark, representing a 50% upside potential in the short term.
Technical Indicators:
The MACD shows a positive crossover, suggesting strong bullish momentum.
Increasing bullish histograms support the likelihood of continued upward movement.
Market Sentiment: With a market cap of $5.63 billion, SUI's positive momentum amidst a Bitcoin pullback positions it as a potential star for the upcoming October rally.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.