SUI Forms Bullish Patterns Indicating Potential Rally to $27
SUI has experienced a significant price correction, with a 23.25% loss over the past 30 days and a drop to $2.35, marking a 56.44% decline from its all-time high of $5.35 in January.
Technical Analysis Signals Potential Surge
Market analyst PlanD indicates that SUI may be forming two bullish patterns:
Key points include:
- The inverse H&S pattern's left shoulder formed at $2.42, head at $1.74, and right shoulder near $2.62.
- Breaking the neckline at $4.25 confirms a bullish reversal, targeting $10.74.
- The bull pennant shows potential for further rallies akin to previous trends in 2023 and 2024.
- Long-term target projected at $27, indicating a possible 10x gain from current levels.
SUI Current Price
SUI is currently trading at $2.69, reflecting a 2.23% increase in the last day. Despite recent struggles, it retains a 226.33% gain over the past year.