SUI To $5? Altseason Could Be The Catalyst
Summary
Bitcoin has been consolidating after reaching an all-time high of $123,218, with its market dominance decreasing as funds shift to altcoins. Sui (SUI) gained momentum after surpassing the 50-day SMA at $3.10, approaching resistance at $4.30. Support exists at $3.81 and the 20-day EMA at $3.37. A rebound off the 20-day EMA could push SUI/USDT above $4.30, potentially reaching $5 and $5.37. A drop below the 20-day EMA suggests weakening bullish control, possibly falling to the 50-day SMA. The pair formed a bullish inverse head-and-shoulders pattern above $3.55, with resistance at $4.30.
