- SUI's bullish momentum is driven by a rounding bottom reversal and a breakout above the psychological $1.30 resistance.
- The price is set to challenge the 1.618 Fibonacci level at $3.00, which would result in a 126% price jump.
- The impending golden crossover between the 50 and 200-day EMAs reinforces a strong uptrend signal.
- The broader crypto market recovery, fueled by the U.S. Federal Reserve’s rate cuts, is further supporting SUI's upward momentum.
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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.