$SUI
🚨 Sui Price Analysis: A Bullish Breakout on the Horizon? 🚨
The SUI/USDT 4-hour chart shows a strong breakout from a descending wedge – a classic bullish reversal pattern that often marks the end of a downtrend.
After months of lower highs and lower lows, SUI has surged above the wedge’s upper trendline with strong momentum, currently trading around $3.92.
The next resistance lies near $4.50, with a clear path to $5.36 if buying pressure continues. A successful flip of these levels could set the stage for a run toward $6.50 and beyond.
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SUI 4H Chart. Source: TradingView
The RSI sits at 74.65, signaling overbought conditions, which may lead to a short-term pullback before the next leg up.
Meanwhile, the MACD continues to trend positively. The MACD line is well above the signal line, and the rising histogram confirms growing bullish momentum and trend strength.