SUI Price Holds at $3.52 as Buyers Gain Momentum
SUI is currently trading around the key resistance level of $3.52, drawing investor attention as it shows potential for significant upward movement upon breaking this threshold.
SUI Price Action
- SUI is maintaining strength at $3.48, marking a 3.1% gain after recovering from recent lows.
- Market momentum is described as steady, indicating strong buyer control.
- A breakout above $3.52 is expected to trigger further upward movement and confirm bullish momentum.
Technical Analysis Insights
- SUI has broken out of a daily falling wedge pattern on the 12-hour chart, signaling a potential trend reversal.
- A retest of previous resistance is underway to confirm it as support, crucial for short-term price direction.
- If SUI holds this new support level, targets of $4.00 and $4.40 are possible.
- A failure to maintain this support could lead to a retracement towards $3.20.
