SUI Hits $5.3 Milestone, Analysts Expect $6.2
SUI/USDT has reached its first target price of $5.3097, taking a profit of 30% as the momentum continues to rise. According to Rose Premium Signals, a trusted cryptocurrency analyst, the next target price is $5.7953 and $6.2878. This bullish trend has caught the attention of traders who are looking to take advantage of the growing market.
The price rise of SUI is supported by strong historical levels that have repeatedly stopped the decline and encouraged bullish moves. An important support area is located in the $4.8-4.9 range. This level has previously served as a basis for the price to rise.
Another key level just below this level has also played a key role in sustaining the uptrend. These support areas continue to attract buyers during minor pullbacks. Therefore, the continued interest in these levels has strengthened the ongoing rally
The upward trajectory of SUI/USDT is guided by a clear ascending channel that defines support and resistance levels. This technical structure shows continued bullish momentum while providing traders with a reliable roadmap for price action.
Rose Premium Signals highlights the upper boundary of the channel, which aligns with the next price targets of $5.7953 and $6.2878. The clear direction provided by the channel gives traders confidence in the asset’s ability to sustain a bullish trend.
The current price of $5.1919 reflects continued demand as traders position for the realization of these higher targets. Notably, holding above $5.3097 levels will be crucial to sustain the rally.
The next targets are $5.7953 and $6.2878, which represent key opportunities for traders.
