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Sui Price Prediction – SUI Eyes $3 as Bullish Trend Gains Strength

Highlights:

  • Sui price shows strong momentum, approaching key resistance levels soon.
  • Technical breakout signals a potential 100% surge in SUI price.
  • Rising trading volume reflects increasing investor confidence in SUI.

Sui (SUI) price has been experiencing a notable bullish surge in the last 24 hours, positioning itself among today’s top gainers. The price is currently forming an upward trend, showing strong momentum. 

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If this bullish pressure continues, SUI could soon approach key levels. Despite a general struggle in the cryptocurrency market, where Bitcoin (BTC) trades near $81k and Ethereum (ETH) remains around $1900, SUI has demonstrated impressive resilience.

In the last 24 hours, the trading volume for SUI was $1.32 billion with a rise of 92.63%. Furthermore, its market capitalization has increased by 4.96% to $8.7 billion. The price of SUI is at this time just a hair above the $2.7 mark. In the past week, the cryptocurrency has seen gains of over 15 percent, which shows investor confidence and opens the door for more gains in the near future.

Sui Price Poised for 2x Growth Amid Market Surge

Crypto analysts say that just after breaking out of a descending broadening wedge consolidation pattern that has been ruling the coin recently, the cryptocurrency Sui goes free. This follows a series of sideways market actions and represents a major price move that is likely to blow. The analyst adds that the token is ready for its upsurge.

The breakout from the pattern seen previously suggests that the analyst predicts potential doubling of the price of this coin in the days to come. A breakout is considered bullish and it means the market begins a new rally eyeing a 2x rally.

Sui Price Breaks Out of Falling Wedge, Signals Potential 100% Move

As Sui price breaks out of a falling wedge pattern, there is a promising technical breakout this can trigger a surge ahead. Analysts recently shared an analysis, saying that a bullish trend arises around the price structure of SUI. 

The pattern shows that the upward move could be significant, at least around 100% of its current value. Sui’s bullish formation signifies that the crypto might be ready to rally, hence, potentially massive gains in the coming weeks.

Sui Price Surges, Key Resistance Levels Ahead

The latest Sui price has seen a notable surge, rising to new highs in recent days. The SUI price has been showing strong bullish momentum, steadily climbing from a low of $2.4 to reach $2.74 at the time of writing. This upward movement aligns with technical analysis, showing an ascending channel pattern.

The MACD indicator confirms the bullish outlook, with the signal line above the MACD line and rising momentum. Additionally, the Chaikin Money Flow (CMF) is positive at 0.03, suggesting that the buying pressure is intact.

Sui Price Prediction: SUI Eyes $3 as Bullish Trend Gains Strength
Source: TradingView

The Sui price is facing resistance around the $2.80 level, which has proven to be a strong barrier. If it manages to break through this level, the next target could be the $3.00 mark. Beyond that, further gains may take it toward $3.50, though a pullback to lower support levels around $2.50 should not be ruled out if the upward momentum falters.

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