#sui链
SUI is pumping again!
This rally is like the last one, and if history repeats itself, SUI will explode by more than 90%.
In today’s market, bullish momentum continues to drive many altcoins higher, with Bitcoin’s dominance dropping significantly from 61.53% to 55.83%.
SUI has gained a lot of attention again with a gain of more than 14% in the past 24 hours, and its movement is sending a strong bullish signal.
The chart shows a breakout from a descending trendline, which signals a possible end to its recent corrective phase. After reaching a high of 3.93 on November 16, SUI experienced a pullback, falling back to 3.27, marking a correction of nearly 25%. This correction formed a descending resistance trendline, which SUI decisively broke through today, reaching 3.52. The breakout has pushed the price up to the current 3.71, and buyers seem to have gained control.
The breakout mirrors the price action on November 5, when a similar move broke the 2.0 trendline, leading to a massive 92% rally to 3.93. The current price action strongly mirrors the previous breakout, further fueling bullish sentiment.
Technicals:
Trading above the 50 and 100 EMA lines on the 4-hour chart suggests that short-term and medium-term momentum has turned in favor of the bulls.
The RSI is currently hovering around 66, showing strong bullish momentum, but not yet in overbought territory. This leaves room for further gains.
Based on history, if this fractal repeats, the SUI could rise by about 90%+ from the breakout point of 3.52, which could see it above 6.0 next time.
The symmetry of the SUI's previous and current moves, coupled with strong technical indicators, makes this scenario possible.
However, to achieve this rebound, SUI must maintain its position above the breakout level and maintain bullish momentum in the next few trading days. If anyone is confused by market fluctuations, does not know how to deal with the quilt situation, or feels that they have been misled during the operation, welcome to communicate! I am Lao Li. $SUI