SUI Price Stays Strong Near Support Levels
SUI has strongly defended the $3.10 support zone. People bought the token after it fell from its August highs of over $4.10. Prices are stable again.
SUI went up more than 4% in the last week. This recovery calmed fears of bigger drops. Traders are now keeping a close eye on the next move.
Analyst Says Price Will Break Out Toward $7
Ali Martinez, an analyst, sees bullish potential. He thinks that SUI could go up to $7, which would be twice its current value. The prediction is based on a well-known chart pattern.
Martinez pointed to the rising triangle on SUI’s daily chart. This pattern usually means that the market will keep going up. Support is going up and resistance is staying the same, which suggests that momentum is building.
Ascending Triangle Strengthens the Bullish Case
The ascending triangle shows that higher lows are pushing against resistance. This stress often causes breakouts. Buyers have always been ready to deal with risks that could go wrong.
The ceiling is still flat resistance near $4. Once buyers get past this barrier, the upward momentum could speed up. Historical patterns show that there are big rallies after these kinds of setups.
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SUI’s Technical Analysis Points to a Rally Toward $7
Support is close to $3.10, where SUI has already bounced. Before more strength, this zone might need to be tested again. This is a very important level for traders.
The upper boundary is still what makes the breakout happen. Clearing resistance could make it easier to get to $7. Technical analysis shows clear risk and reward.
Measuring the Potential Breakout Move
Martinez figured that the market would rise by 110% from where it is now. This estimate is based on measuring the height of the triangle and using it to find breakout points. These kinds of moves happen all the time.
If SUI breaks out, it could go higher than its previous all-time high. The last record was $5.80. If it hits $7, it will be a new record.
Market Sentiment Supports a Good Outlook
The market is generally optimistic, and SUI’s recovery fits in with that. Traders see this consolidation as a way to build up energy. Whales and institutions are still keeping an eye on accumulation zones.
Breakout opportunities often happen during sideways trading. Once people feel more sure, momentum could pick up speed quickly. This potential keeps investors interested.
A New Price Rally for SUI Bulls Target $7
SUI is at a very important point. Technical setups show that there are bullish chances. The ascending triangle shows the way for the next step up.
If resistance breaks, $7 is a good goal. $3.10 is still a key level of support until then. Traders are getting ready for price swings in either direction.
