$SUI FORMING A FLAG & POLE 📈
🔔
A comfortable rise awaits for this Layer 1 gem after the price bounces back from support of $0.75, the lower trendline of the flag.
📊 As of today the resistance of $0.89 is broken above and trading comfortably above $0.95 at the time of writing with more than 10% up for the day.
After a fabulous week, the resistance is on a retest again. $1 is definitely going to be the near term target, but after a long Bullish week it might cool off for some time and restart again as the RSI is nearing the oversold zone.
But here's something to cheer you up. On the daily chart it is now trading above the 10, 20 & 50 DMA and nearing the 200 DMA. In the coming weeks we could witness some giga moves coming it's way.
*This is not investment advice. Please do your own research before taking any trade.
