Expert opinion: bullish #SUI

After reaching an all-time high (ATH) of over $2 at the end of March, SUI entered a correction phase that saw prices fall below the key $1 level and drop to a low of nearly $0.50 on August 5. However, SUI quickly recovered, and by August 8, the SUI/USDT pair broke through the descending resistance line and hit a high of over $1 on August 12.

After this rise, SUI consolidated below the key level, forming a clear higher low at around $0.75. Currently, SUI prices have recovered above $1, approaching an important technical resistance level. A breakout of this resistance level seems imminent, with the first target for further gains being $1.44, implying a potential 40% gain.

Looking ahead, if the crypto market continues to show optimism at the end of the year, SUI could retest its all-time high of over $2. #内容挖矿 Follow me! Get more currency information