SUI Targets New All-Time High at $6 as Derivative Traders Turn Bullish

Can it reach the $6 ATH as network activity and trader interest surge?

As a golden crossover accompanies SUI’s bounce-back, bulls are anticipating a major rally. Could this lead to a new all-time high at the $6 mark?

Bouncing off the 23.60% Fibonacci level at $3.30, SUI has made a strong recovery. After a period of consolidation and indecisive price action in recent weeks, the broader market rebound has helped pump the SUI token.

SUI Price Targets

According to trend-based Fibonacci levels, the continued upside in SUI faces immediate resistance at the 38.20% level, which is around $4.63. However, if the bullish trend persists, the retracement pattern also points to a potential new all-time high at $6.

On the downside, key support levels include the 200-day EMA at $2.84, followed by psychological support at $2.#CryptoComeback