🔥 Sui to $2.60: Analyst Calls Massive Pump for Sui Price

Analyst Ali has noted a standout performance for Sui (SUI), predicting a big rally ahead and a possible soar to over $2.60. Sui’s strong price gain of over 41% in the past month shows strong market dynamics and an equally supportive technical backdrop, leading into this bullish forecast.

However, the recent analysis by cryptocurrency expert Ali, made popular by a tweet, spotlights a positive sign for Sui, which seems to be trading inside a rising parallel channel.

This technical pattern indicates a big price increase when Sui retains crucial support levels and has positive momentum. In particular, the $2.00 level is of great importance, as its support at this level would continue with the current bullish perspective.

Ali’s optimistic projection is based on SUI’s recent trading activity, which has resulted in a big price recovery and stability.

Detailed charts on trading platforms such as TradingView show that the Sui has been able to drop off the channel’s lower trendline and push upward towards higher resistance levels. By feeding off this pattern, speculations of a continued uptrend came with targets well out of current prices.

An increase in trading volume indicates that there is more interest and activity in Sui from a technical perspective.

Very high 24-hour trading volumes are seen, alongside a strong market capitalization that will support future price upswings. The speed at which this price has been jumping up completely illustrates investor confidence and rising speculative interest.

🔸 #SUI Price Detailed Technical Analysis

A closer look at the price action on Sui’s chart shows a line of higher lows and higher highs, a hallmark of the bullish trend. The recent candles in the channel are making a strong green recovery towards the higher boundary of the trading channel.

The MACD indicates a bullish crossover, and the RSI lies in an upper neutral zone, implying that we might have space to continue growing upward and not immediately hit an oversold condition.