SUI Preparing For Another Leg Up – Is $5 The Next Target?
SUI has consolidated after a breakout, facing resistance above $4.00. Analysts suggest a potential target near $5.00, indicating a possible repeat of its all-time high rally. The cryptocurrency has recovered 120% from an April low of $1.76, reaching a high of $4.29 recently. Currently, SUI is retracing 10% from this peak, trading between $3.60 and $4.10. A significant resistance at $4.00 has not been held for seven days, with traders noting that breaking above this level could trigger a strong upward movement. SUI has established a re-accumulation range between $3.39 and $3.78, previously confirming support at $3.94. Analysts believe SUI is consolidating for another bullish leg, with a need to break the upper boundary around $4.00 to continue its rally. If historical patterns hold, SUI could reach $5.00 in the coming weeks, currently trading at $3.84, up 2.1% daily.
