- SUI Price forms a bullish cup-and-handle pattern, aiming for a 115% rise to $7.5.
- Key support at $3.18 holds firm as price eyes $3.83 and $4.84 breakouts.
- Double-bottom recovery fuels SUI’s bullish momentum into the next quarter.
SUI Price is causing ripples in the cryptocurrency scene as it has an established cup-and-handle breakout, with the stock market indicating a robust bullish momentum. As the price continues to stagnate around the areas of support at $3.33 and approaches major resistance at $3.83, investors are keeping a close eye.
With continued momentum, SUI may surge to $7.5 an 115% possible increase. This technical arrangement makes SUI one of the best candidates to experience breakout growth in the next few months.
Cup-and-Handle Formation Strengthens SUI Price Forecast Toward $7.5
Recently, SUI price has verified a bullish cup-and-handle breakout, generating hope of possible additional rising action. The SUI current trading price is $3.55, which is marginally above the important support level of $3.33 and the buyers are safeguarding the double-bottom base.
An immediate close above the resistance of $3.83 might clear the way to the Fibonacci extension of $4.36 and then to the Fibonacci extension of $4.84. In addition to that, the bullish targets are $5.91 and $6.98, which are in line with the trend that is projected on the chart.
The most aggressive estimate is by $7.5, which signifies a possible 115% increase over the recent lows. The formation is based on the continuation and double-bottom recovery pattern indicated throughout the daily chart.
Long-term projections of the SUI price outlook are consistent with the bullish accumulation, particularly with the continued use of the price level at $3.18 as a floor. The market is technically well-confirmed and seems set to continue this booming trend in the coming quarter.
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