SUI Breaks Downtrend, Analysts Predict Potential 50% Rally to $3

SUI Attempts to Maintain Key Support Level

SUI has recently broken out from a local resistance, aiming to hold a key support level amid market volatility.
The altcoin recovered from a significant crash, trading between $2.30-$3.00 after briefly dropping to $0.50 in October.
Following a pullback, SUI's price dipped below $2.00 but rebounded, reaching a one-week high of $2.20.
Analyst Ali Martinez noted a buy signal via the TD Sequential indicator, suggesting potential for a rally to $3 or $4.
The Sui Network announced a partnership with Crypto.com, offering regulated custody and liquidity for SUI.

Potential 50% Rally on Breakout

SUI is testing a critical zone within its higher timeframe trading range, between $2.00-$4.00.
Breaking out from a one-month diagonal resistance could push prices back above $2.30, indicating potential strength.
Previous downtrend breakouts have resulted in over 50% gains, suggesting a similar move if current levels are maintained.
Warnings of possible volatility following breakouts indicate another retest might occur before further upward movement.
Currently, SUI is trading at $2.07, experiencing a 3.8% daily decline.