SUI Aims for $5 Target After 120% Recovery From April Low

SUI has shown a 120% recovery from its April low of $1.76, reaching a recent high of $4.29 before retracing 10% to the current range of $3.60-$4.10. Key points include:

Resistance identified at the $4.00 level, which has not been maintained for over a week.
Trader Froggy indicates breaking above $4.00 could trigger a significant upward movement.
Rekt Capital notes SUI has established a re-accumulation range between $3.39 and $3.78.
SUI confirmed support at $3.94 after closing above $3.78 two weeks ago.

SUI’s Potential Rally

Analysts suggest SUI is consolidating for its next upward movement toward $5.00. Highlights include:

Consolidation compared to previous performance patterns, potentially forming a short-term bull flag.
AltCryptoTalk emphasizes bullish sentiment if support at $3.30 holds.
The last ATH breakout involved a four-stage rally; SUI may be set for a second smaller impulse.
For SUI to continue rising, it needs to break through the $4.00 resistance.

As of now, SUI trades at $3.84, reflecting a 2.1% increase in the daily timeframe.