$SUI /USDT 4H: Broke out of a falling wedge with bullish momentum, now holding an ascending trendline. Watch for a retest around $3.40–$3.20. Holding above this zone targets $4.00 and $4.80. A break below $3.00 invalidates the setup.

$SUI /USDT Breakout Analysis 1D Chart:


SUI has broken out of a clear falling wedge pattern on the daily timeframe — a bullish reversal structure. This breakout is significant, especially with strong volume confirmation and price now trading above both the wedge and the 50 EMA.

🔸 Support $3.05:
The 50 EMA aligns closely with the $3.05 level, now acting as a solid support. Retesting this area successfully would validate the breakout further.

🔸 Upside Target: $5.5
The projected move based on the wedge's height suggests a run toward the $5.0–$5.5 zone, especially if bulls maintain control.

🔸 Risk Level at $2.80:
A daily close back below the wedge and 50 EMA would invalidate the bullish breakout and suggest caution.

🔸 Watch for a potential retest of $3.05–$3.20. If this zone holds, it could be a strong entry area with upside potential toward $4.0, $4.7, and $5.5 in the coming weeks.

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