SUI Price Skyrockets Amid Bull Run: SUI has experienced a significant price increase, skyrocketing as the crypto market gains bullish momentum.
Streak of Bullish Candles: The uptrend is marked by a series of bullish candles, indicating strong buyer interest and sustained upward pressure on the price.
Challenging Resistance at $1.6785: The SUI price is currently challenging a key resistance trendline near $1.6785, a critical level that coincides with its initial trading price.
Potential Breakout Beyond 78.60% Fibonacci Level: A new breakout could surpass the 78.60% Fibonacci retracement level at $1.7712, paving the way for further gains.
Rounding Bottom Reversal Pattern: On the weekly chart, SUI displays a rounding bottom reversal, signaling a potential long-term trend reversal from bearish to bullish.
Over 100% Returns in Three Weeks: The altcoin has delivered more than 100% returns in the last three weeks, highlighting strong performance and investor confidence.
Surpassing the $1.50 Psychological Mark: The uptrend has successfully crossed the $1.50 psychological barrier, reinforcing bullish sentiment in the market.
Double Bottom Pattern Formation: The rounding bottom hints at a double bottom pattern with a neckline near $1.67, which, if broken, could trigger a significant price rally.
All-Time High at $2.18 as Key Supply Zone: The previous all-time high of $2.18 represents a major supply zone; surpassing this level could accelerate the bull run and lead to new highs.
Current Price and Market Pause: SUI is trading at $1.55 with an intraday drop of 2.04%, indicating a brief pause in the bullish streak but maintaining overall upward momentum.
Golden Crossover Signals Strong Uptrend: A bullish crossover between the 50-day EMA and the 200-day EMA, known as a golden crossover, suggests a strong potential for continued upward movement.
RSI Nearing Overbought Territory: The weekly RSI is approaching the overbought boundary, reflecting increased buying pressure and bullish market conditions.
Targets at $3 and $5 Psychological Marks: Based on Fibonacci extensions and bullish momentum, SUI may target the $3 and $5 psychological levels in the near future.
Historical Bullish October: The crypto market's history of bullish trends in October bolsters the likelihood of SUI reaching its ambitious price targets during this period.
Support Levels at $1.50 and $1.33: Key support levels are identified at $1.50 and $1.33, which could act as strong foundations in case of a price correction.
Streak of Bullish Candles: The uptrend is marked by a series of bullish candles, indicating strong buyer interest and sustained upward pressure on the price.
Challenging Resistance at $1.6785: The SUI price is currently challenging a key resistance trendline near $1.6785, a critical level that coincides with its initial trading price.
Potential Breakout Beyond 78.60% Fibonacci Level: A new breakout could surpass the 78.60% Fibonacci retracement level at $1.7712, paving the way for further gains.
Rounding Bottom Reversal Pattern: On the weekly chart, SUI displays a rounding bottom reversal, signaling a potential long-term trend reversal from bearish to bullish.
Over 100% Returns in Three Weeks: The altcoin has delivered more than 100% returns in the last three weeks, highlighting strong performance and investor confidence.
Surpassing the $1.50 Psychological Mark: The uptrend has successfully crossed the $1.50 psychological barrier, reinforcing bullish sentiment in the market.
Double Bottom Pattern Formation: The rounding bottom hints at a double bottom pattern with a neckline near $1.67, which, if broken, could trigger a significant price rally.
All-Time High at $2.18 as Key Supply Zone: The previous all-time high of $2.18 represents a major supply zone; surpassing this level could accelerate the bull run and lead to new highs.
Current Price and Market Pause: SUI is trading at $1.55 with an intraday drop of 2.04%, indicating a brief pause in the bullish streak but maintaining overall upward momentum.
Golden Crossover Signals Strong Uptrend: A bullish crossover between the 50-day EMA and the 200-day EMA, known as a golden crossover, suggests a strong potential for continued upward movement.
RSI Nearing Overbought Territory: The weekly RSI is approaching the overbought boundary, reflecting increased buying pressure and bullish market conditions.
Targets at $3 and $5 Psychological Marks: Based on Fibonacci extensions and bullish momentum, SUI may target the $3 and $5 psychological levels in the near future.
Historical Bullish October: The crypto market's history of bullish trends in October bolsters the likelihood of SUI reaching its ambitious price targets during this period.
Support Levels at $1.50 and $1.33: Key support levels are identified at $1.50 and $1.33, which could act as strong foundations in case of a price correction.
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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.
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.