SUI Rallies 15% with Analysts Targeting Price Up to $10
Sui (SUI) surged 15% on Saturday, reaching $4.23, marking a continued upward trend. Key statistics include:
- 13.1% increase over the past week
- 28.7% increase in 14 days
- 62.3% increase over the month
Analysts suggest potential for further gains. "Marcus Corvinus" identified a “breakout zone loading,” indicating SUI's price is approaching a critical resistance level. He noted an AB=CD pattern that typically precedes upward movements and set targets of $5.64, $6.70, and $8.00.
"CryptoBull_360" highlighted a key resistance level that, if surpassed, could lead to a price range of $7–$10.
Technical analysis indicates:
- 14% rise from $3.67 to $4.18 during a 24-hour period
- Breakout above the $4.00 resistance at 04:00 UTC after consolidation
- Volume peaked at 28.8 million, nearly double the average
- Support levels at $3.93, $3.98, and $4.02
- Final hour saw an additional 2% increase
- Resistance cleared at $4.10, $4.12, and $4.15
Traders are focused on whether SUI can achieve the anticipated breakout.