$SUI is on track to reach $4 - up 56% this week. The ecosystem is increasingly being perfected. Is this the $SOL th second or just a follower.

Note: this is a very sensitive period, it may not stop at $4 Sui may go even further. During this period, just one good signal from the market and Sui could be a heavyweight competitor in the race.

ADDITIONAL INFORMATION ABOUT THE PROJECT STATUS:

After losing more than 68% of its value since January, this token has recovered and regained the resistance zone of 2.70–2.80 USD last month, marking a signal to escape from the prolonged downtrend.

In March, SUI surged thanks to news of interest from organizations, particularly Canary Capital submitting an ETF application to the SEC.

However, the surge did not hold and prices fell back ahead of the US elections. Recently, with a 56% increase in a week, SUI has recovered above the 3.00–3.20 USD level it lost in March.

SUI has just escaped from a descending wedge pattern once again, opening up the possibility of reaching new highs if the breakout is confirmed.

Previously, similar breakout instances in October 2023 and August 2024 both led to new ATH peaks in the following months.

After hitting 3.39 USD, SUI dropped back to the 3.25–3.30 USD range and is currently facing strong resistance at the 3.30–3.70 USD range.

According to analyst Hov, SUI needs to break and close HTF candles above 3.72 USD to confirm the uptrend, aiming for the 4.00 USD mark and new ATH. If it fails, the price may return to test support at 2.70–2.80 USD or drop further to the 2.00–2.30 USD range.

Finally, this is not investment advice, all decisions are yours, please be responsible for your money and your decisions.