$SUI Price Rally Coming? Chart Shows Target at $2.50

Last week, #SUI dropped by 2.48% because of market ups and downs. For the past two weeks, the price has been moving sideways without any strong direction. Still, crypto analyst Ali Martinez believes a short-term rise could happen soon.

On the 4-hour chart, Martinez noticed that SUI has been going up since March 31. Right now, the price is sitting near the support line of a rising channel at $2.26. If the price stays above this line, it might move up toward $2.50, which is the top of the channel. If buying pressure gets stronger, it could even break out toward $3.00. But if it falls below $2.26, the price could drop to $1.75.

Some good news came when Canary Capital applied to launch an SUI spot ETF with the SEC. This follows a Delaware trust registration from March, adding hope for big investors to join.

SUI is now trading at $2.20, up 2.14% today. But trading volume is down by 31.69%, showing less activity. On the monthly chart, SUI has fallen 30.21%, but some experts think this is a good time to buy. Earlier in this cycle, SUI hit a record high of $5.35, and with the cycle still going, many believe this dip is just a temporary pause before another strong move.

Buy and Trade here on $SUI