All-Time High and Future Growth Potential
The SUI token has achieved a significant milestone, reaching an all-time high of $5.3580. Investors are now speculating whether the bulls can extend the rally toward the $6 mark.
With the crypto market's sentiment boosted by Bitcoin surpassing $99,000, optimism is running high. SUI is among the altcoins benefiting from this environment, attracting attention with its growth potential.
SUI Price Analysis
Breaking Through a Triangular Pattern
On the 4-hour chart, SUI broke out of a triangular pattern, surpassing the supply zone at $4.80. This breakout confirms earlier price analysis predictions and set a new all-time high.
Over the past seven days, SUI’s price has increased by 26.80%, with its market capitalization rising to $5.59 billion. After hitting a peak of $5.3580, the price stabilized, revealing critical support at $5.16.
Bullish Indicators and Technical Support
The rally was supported by a bullish crossover between the 50-day and 100-day exponential moving averages (EMA), strengthening market sentiment. Additionally, the 4-hour RSI briefly entered the overbought zone before slowing slightly. Despite this pause, indicators continue to signal SUI’s growth potential.
Currently, the token is trading at $5.170, with a double-bottom reversal pattern hinting at a continued bullish outlook.
Price Targets and Support Levels
Short-Term Growth Targets
Based on Fibonacci retracement levels, SUI is expected to encounter resistance at $5.40, corresponding to the 23.60% retracement level. If the bulls maintain momentum, the price could rise further to $5.67 or even reach the psychological level of $6.00.
Key Support Levels
The primary support level for SUI stands at the psychological threshold of $5.00, further reinforced by the supply and demand zone around $4.80.
Summary
The SUI token shows strong growth potential, with bullish technical indicators suggesting the rally could continue. Investors should monitor key resistance and support levels, as the token has a chance to reach new all-time highs in the near future.
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