$SUI Long live you, brother, you are amazing, truly a role model in the crypto world, fully support you, long live, long live, let's play long live!
Can Sui reach 10 dollars?
Sui has recently shown impressive growth, turning several key resistance levels into support levels.
It has also invalidated the formation of a small double top pattern, which is often a bearish reversal signal. It is about 58% above its 50-day moving average and about 95% above its 100-day exponential moving average.
Notably, the Average Directional Index (ADX) is moving towards the 38 mark, indicating strong momentum for the token.
Additionally, the Stochastic Oscillator and Relative Strength Index have risen to overbought levels. In the long run, the SUI price may further increase, potentially rebounding to the 10-dollar mark, which would be a 170% increase from current levels.
This scenario will only materialize if SUI's price breaks through the crucial level of 5 dollars.
The trend towards the 10-dollar mark will not be linear; there may be risks of downturns.
In such a case, the SUI token could drop to 2.35 dollars and then resume a bullish trend, that is, break through and retest.
A drop below the crucial level of 2.17 dollars could invalidate the breakout and retest, possibly indicating a trend towards 1 dollar.
If anyone is confused due to market fluctuations, unsure how to handle being stuck, or feels misled during their operations, feel free to communicate!
