$SUI
🚨 SUI Coin Price Analysis 🚨
A look into the price action of SUI on the daily time frame, the altcoin saw a classic bull flag break out. This could be a sign that momentum could change dramatically to the upside.
If SUI price closes above the upper resistance of the consolidation zone, price could peak at $3.63 as at the time of analysis, when the breakout candle closed above.
The previous flag was determined between $3.20 and $3.55, which fit perfectly to textbook continuation structures of the altcoin.
If this move held up and volume built, the expected breakout may take SUI to roughly the $5.00 target.
The measured move for this setup was based off the original flagpole—around $2.40 to $3.60—if it breaks there, it is projecting another $1.60 higher validating $5.00 upside potential.
However, if the breakout was unsuccessful and price re-entered the channel then the downside risk might take the pair back down to the lower trendline support down at $3.20 or maybe down to even $3.00.
This would prompt earners to check volume and daily close integrity for confirmation. The $3.55 successful retest could act as support and provide more bullish continuation indicators.
