$SUI #SUIUSD – Consolidation Before the Next Big Move? 🚀
After bouncing from its April 07 Higher Low (confirming a bullish 2-year Fibonacci Channel Up), SUIUSD has broken and held above both the 1D MA50 (blue) and 1D MA200 (orange) —a strong sign of bullish momentum.
Now in a consolidation phase, this structure closely resembles the September 2024 pattern, where a similar pause led to a surge to the 1.0 Fib, a healthy pullback to the MA50, and then a **massive rally past the 1.5 Fib extension.
If history repeats, we could see $SUI target $9.500+ in the coming weeks. The key? Holding this support and breaking consolidation to the upside.