$SUI Analyis Updates
SUI is lucky guy, and all the luck is its own strong foundation. Excellent operation and the bull market caused by the US election have helped it to upgrade to a higher level, that is, it will no longer touch below $2.37. It can now move forward boldly.
SUI's prospects
A week ago, it broke through the 2.37 price line, and the candle that broke out was powerful.
Its current price is 3.3947, and the nearest high is 3.5313, which has increased by 46.79% in 7 days, which is very powerful for SUI.
SUI should be able to exceed $4 by the end of 2024. Even if it encounters a deep retracement, it will be supported at around 2.5, and it may not happen for this period. Anyway, this may be a better prospect for SUI. It will run from a higher starting point next year.
SUI's short-term trading
SUI may reach $3.66 short period time. It is currently running in an upward parallel channel. Because of the strong momentum of the bull market, it will not fall below the price near 3.1531 even if it falls back.
I marked two possible routes, blue and pink, as well as important price, see pic below.
In the blue route - SUI directly reaches around 3.66 US dollars and may exceed the parallel trend line;
In the pink route - SUI goes down to the lower parallel line, touches around 3.1531 and then rises. On the way back, it may encounter "rocks" around 3.3733, then drop to around 3.219 US dollars, and then rise to around 3.66. It may encounter 3.4587 as a small challenge on the way.
But no matter what, I believe in the extraordinary performance of SUI.
Enjoy Bull run everyone.