🚀 SUI Primed for a Rally to $6? Here’s Why Bulls Are in Control
SUI’s recent price action hints at a potential surge toward $6, fueled by bullish technicals and growing network momentum. Let’s break it down:
🔍 Key Drivers
🔹 Cup & Handle Pattern: A bullish breakout could trigger a 107% rally to $6.
🔹 Open Interest Spike: Up 16% to $1.39B—traders are betting big on upside.
🔹 Network Growth: TVL hits $1.84B (3-week high), signaling renewed activity.
🔹 Golden Crossover: 50-day EMA crossed above 200-day EMA—a classic bullish signal.
📊 Technical Edge
🔹 RSI: Above 50, confirming buying pressure.
🔹 ADX: Downtrend weakening as ADX declines.
🔹 CMF: At 0.21, showing strong capital inflow.
🎯 Price Targets
🔹 Short-term: $4.63 (Fib-based resistance).
🔹 Long-term: $6+ if bullish momentum holds.
⚠️ Caution: Markets remain volatile—always DYOR and manage risk! (No financial advice!).
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