$SUI

🚨 Weekly SUI Coin Price Analysis 🚨

On the weekly chart, SUI showed a bullish reversal when it broke through its falling wedge pattern.

The breakout exceeded the $2.00 support, the fundamental point for the wedge structure and the double-bottom pattern’s neckline.

The bullish candle finished at $3.45 delivering strong gains. This indicated vigorous purchasing pressure and sustained momentum during the $2.00 price assessment.

The support level matched historical resistors from the mid-year period, thus establishing itself as an important structural turning point.

The falling wedge pattern indicated an upcoming price movement, which could bring prices towards $3.70 if momentum stayed strong.

If support at $2.50 failed to hold, it could result in another price test at $2.00. A violation of the $2.00 level could cancel the bullish pattern while pointing towards the $1.70 area.

The neck resistance point at $2.50 turned into a support barrier, thus strengthening the rising forecast. The price of SUI could advance to $4.00 and potentially $5.00 if it maintains above $2.86.

The trend change needed confirmation through volume patterns and the elimination of false breakout signals.

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