After reaching an all-time high (ATH) above $2 at the end of March, SUI entered a correction that pushed the coin below the key $1 level, reaching a low just under $0.50 on August 5th. However, SUI quickly recovered, and by August 8th, the SUI/USDT pair had broken above the falling resistance line of the channel, hitting a high above $1 on August 12th.
Following this move, the coin consolidated below this critical level, forming a clear higher low around the $0.75 zone. Currently, SUI is trading back above $1, sitting just below an important technical resistance. A breakout above this resistance appears imminent, with the first target for further upside being $1.44, representing a potential 40% rise.
Looking further ahead, if the broader crypto market continues to show optimism toward the end of the year, SUI could potentially retest its previous ATH above $2.
Following this move, the coin consolidated below this critical level, forming a clear higher low around the $0.75 zone. Currently, SUI is trading back above $1, sitting just below an important technical resistance. A breakout above this resistance appears imminent, with the first target for further upside being $1.44, representing a potential 40% rise.
Looking further ahead, if the broader crypto market continues to show optimism toward the end of the year, SUI could potentially retest its previous ATH above $2.
Trade chiuso: obiettivo raggiunto
First target was reached a while back.Now SUI is going for test above 2
Trade chiuso: obiettivo raggiunto
Second target at 2usd HIT!
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.