SUI Soars to Record High: Bullish Trends Signal $6 Breakout
- SUI hits n ll-tim high of $5.3580, rflcting 26.41% wkly pric surg.
- Tchnicl brkout bov $4.80 signls bullish momntum; nxt trgts $5.67 nd $6.00.
- Anlyst prdicts 2025 pric rng of $4.4$8.8, supportd by strong rising trndlin.
Th cryptocurrncy mrkt is optimistic s Bitcoin crosss th $99,000 thrshold, boosting invstor confidnc. Amid this fvorbl nvironmnt, th SUI tokn hs md wvs, rcntly hitting nw ll-tim high of $5.3580. This rmrkbl rlly highlights its growing prominnc in th ltcoin spc.
On th 4-hour chrt, SUI hs brokn out of tringl pttrn, surpssing th $4.80 supply zon crucil milston. This brkout hs bn pivotl in stting frsh rcord high nd signling significnt upsid potntil. Th bullish momntum is vidnt in its 7-dy pric chng of 26.41%, with mrkt cpitliztion surging to $5.66 billion, rflcting hightnd invstor intrst.
SUIs Bullish Momentum Strengthens
SUIs trjctory took sidwys turn ftr pking t $5.3580, stblishing ky support t $5.16. Th rng brkout hs triggrd positiv crossovr btwn th 50 nd 100 EMA lins, forming bullish lignmnt. Adding to this, th 4-hour RSI brifly ntrd th ovrbought zon, highlighting strong momntum. Whil RSI hs sinc dippd blow this zon, it indicts only tmporry pus, with tchnicl indictors still suggsting buy signl.
Currntly trding t $5.18, th tokn shows potntil for doubl-bottom rvrsl, furthr rinforcing its bullish outlook. According to Fiboncci rtrcmnt lvls, rsistnc is xpctd t $5.40, corrsponding to th 23.60% lvl. Should th rlly prsist, trgts of $5.67 nd $6.00 ppr within rch.
Analyst Optimism and Future Projections
A prominnt crypto nlyst, Investing Heaven, shrd insights on X, stting, Aftr stunning 10x rlly, SUIs long-trm chrt suggsts furthr upsid potntil in 2025. Th wkly chrt ccompnying th post highlights robust upwrd trnd supportd by rising trndlin, which hs consistntly ctd s ky support lvl for th tokn.
Th nlyst projcts 2025 pric rng of $4.4 to $8.8, contingnt on SUI mintining its momntum nd holding bov ky support lvls. A mid-2024 rtrcmnt nr th trndlin srvd s consolidtion phs, furthr solidifying th tokns growth nrrtiv.
SUIs sustind growth rlis hvily on its dhrnc to th rising trndlin. A brch blow th trndlin could chllng th bullish thsis, but for now, ll signs point to furthr upsid potntil. Th projctd 2025 support zon of $2.6 offrs dditionl confidnc in SUIs long-trm prospcts.
As th SUI tokn continus its upwrd journy, ll ys r on its nxt milstons. With bullish momntum, tchnicl strngth, nd supportiv mrkt nvironmnt, th $6 mrk sms wll within rch, cmnting its position s stndout prformr in th crypto mrkt.
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Read more: https://www.tronweekly.com/sui-bullish-trends-signal-6-breakout/
Text source: TronWeekly
