$SUI Price Set for Major Breakout from Inverted H&S Pattern - CoinGape Analytics

In the daily chart, the SUI price action reveals an underlying shift in bullish momentum, revealing a trend-reversal pattern. With an overhead-resistance trend line, the SUI price action shows an inverted head-and-shoulder pattern while taking constant rejections from the 200-day EMA. Amid the market uncertainty, the SUI token shows a solid bullish foundation at $0.5728. This sudden increase of bullish momentum resulted in a V-shaped reversal and a bullish continuation above $0.80. 

Currently, the SUI price action reveals three bullish candles accounting for a price jump of 20% and is currently trading at $0.9264. With an intraday gain of 5%, altcoin is challenging the declining 200-day EMA as it surpasses the 50-day EMA. 

A potential breakout with daily candle closing will accelerate the bullish momentum to drive a rally past $1 and target $1.43, followed by $1.72. The daily RSI line reveals a positive trend sustaining above the halfway line as it approaches the 60% mark. 

Based on the price action levels, the crucial resistance levels are present at $0.9656 and $0.8728, followed by the $1.001 psychological mark near the overhead-resistant trend line and $1.43. On the bottom side, the $0.80 and $0.5728 are crucial support levels.