$SUI

Since the beginning of this month, the SUI token has maintained a strong upward momentum, which has intensified since last week. Although the market generally expects that the bulls may weaken after a 40% increase, SUI continues to show its extraordinary resilience. At the beginning of this week, SUI successfully broke out of the descending parallel channel, and the price quickly climbed to the key resistance area between $1.62 and $1.65. Although the short forces tried to limit the rebound below this range, the technical analysis shows that SUI still has ample upside. In particular, the relative strength index (RSI) is currently in the overbought area, but as long as it remains at a high level, it indicates that SUI is expected to achieve a further strong breakout. Therefore, for the next move of SUI, the market generally expects it to hit $1.72, while more bold predictions believe that it may reach $1.8.

At the same time, the TAO token has also experienced a similar breakout as SUI. It also emerged from the downward parallel channel, accompanied by the emergence of a large number of bullish candlesticks. At present, the price of TAO is not far from its historical high, only about 25% away, and is actively testing the important pressure level of $585.5. The market generally expects that after a short period of consolidation, TAO will rise steadily and is expected to break through the $600 mark. In addition, the second resistance level is set at around $620, providing investors with a clearer profit target.

In summary, SUI and TAO are hot targets in the current market, and their future trends are attracting much attention. Investors can continue to pay attention to the dynamics of these two tokens to seize potential trading opportunities.