šØ SUI Coin Price Alert: Breakout or Fakeout? šØ
The daily chart for SUI is flashing a potential breakout after a classic bull flag pattern ā a sign that the bulls might finally be taking control.
š What's Happening on the Charts?
SUI just closed a strong breakout candle above its recent consolidation range. If this move holds, we could be looking at a price target near $3.63, with momentum building fast.
This flag pattern formed between $3.20 and $3.55, aligning closely with textbook continuation setups ā where a breakout could trigger a fresh wave of buying.
š Price Projection: $5.00 in Sight?
Using the flagpole method (from $2.40 to $3.60), the breakout could extend up to $5.00 if volume continues to increase. Thatās a potential +38% move from the breakout level.
ā ļø But What If It Fails?
If the price fails to stay above the breakout zone and slips back into the flag, SUI could retrace down to $3.20, or in a bearish case, test $3.00 support.
Keep an eye on:
Volume confirmation
Daily close strength
A successful retest of $3.55 could flip into support and boost bullish momentum further.
š§ Final Thoughts:
This is a crucial moment for SUI. A strong continuation above $3.63 could trigger a larger rally, but failure to hold might bring a short-term pullback.
Watch the volume. Watch the retest. Trade smart.
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