Buying Frenzy: SUI Rounding Bottom Sparks Excitement
SUI bids above $1.50; bullish momentum above $1.65.
SUI's recent correction to $1.31 established robust support, paving the way for potential upward momentum.
On the daily chart, a bullish candle formed yesterday, breaching the neckline of the Rounding Bottom Pattern.
After a prolonged 9-month period, the #SUI token finally broke through a significant resistance level, surging towards an all-time high.
Analyzing the rounding bottom pattern in the SUI/USD pair indicates the likelihood of a breakout towards $2.00.
Closing above $1.65 may propel the cryptocurrency to $2.00, targeting an ultimate goal of $2.50.
$SUI Token shows positive momentum with indicators: trading above moving averages, RSI over 60, and a green MACD histogram.
According to Coingabbar Analysis, If the Rally continues then SUI Token can touch $1.50 or $2.00 in coming months.
KEY LEVELS :
RESISTANCE LEVEL : $1.76-$2.00
SUPPORT LEVEL : $1.50-$1.25
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
