SUI Price Surges Above $4.9, Indicating Potential for New Highs
SUI has rebounded sharply, surpassing the $4.9 level, signaling renewed investor confidence. This price movement indicates a potential for further gains as market dynamics shift favorably.
- SUI's recovery comes after a period of uncertainty and suggests a bullish sentiment among traders.
- Technical indicators support the rally, with the 4-hour Simple Moving Average acting as a key reference point.
- The next target could be the previous high at $5.3 if momentum is maintained.
The Relative Strength Index (RSI) supports continued bullish momentum, indicating room for additional gains without reaching overbought levels. However, failure to hold above $4.9 may lead to a decline towards $3.9, potentially weakening the bullish outlook.
