SUI targets $3 Amid $2 breakout
Current Price: $2.04, reflecting a significant 7.55% increase in the last 24 hours.
Weekly Performance: SUI has surged 8.29% over the past week, demonstrating strong resilience in a fluctuating market.
Recent Chart Patterns: The formation of a bullish engulfing candle indicates heightened buying pressure, positioning SUI to challenge the $2.07 resistance level.
Fibonacci Levels: If SUI breaks above $2.07, it could target the $3.00 psychological mark, representing a 50% upside potential in the short term.
Technical Indicators:
The MACD shows a positive crossover, suggesting strong bullish momentum.
Increasing bullish histograms support the likelihood of continued upward movement.
Market Sentiment: With a market cap of $5.63 billion, SUI's positive momentum amidst a Bitcoin pullback positions it as a potential star for the upcoming October rally.
Weekly Performance: SUI has surged 8.29% over the past week, demonstrating strong resilience in a fluctuating market.
Recent Chart Patterns: The formation of a bullish engulfing candle indicates heightened buying pressure, positioning SUI to challenge the $2.07 resistance level.
Fibonacci Levels: If SUI breaks above $2.07, it could target the $3.00 psychological mark, representing a 50% upside potential in the short term.
Technical Indicators:
The MACD shows a positive crossover, suggesting strong bullish momentum.
Increasing bullish histograms support the likelihood of continued upward movement.
Market Sentiment: With a market cap of $5.63 billion, SUI's positive momentum amidst a Bitcoin pullback positions it as a potential star for the upcoming October rally.
Penafian
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