What's up, my crypto people? Hold on tight because the SUI move has been strong, rising 11% in a single day and already up 35% for the week. The bulls have gone wild and they are not forgiving. The thing is already testing the $4 barrier, after having crushed the resistance at $3.50. Remember when we said that was the key level? Well, that's old news now. 💨
But be careful, it's not that simple. Those who have been around know that when the RSI shoots above 90, things get spicy. The indicator is shouting "overbought!" as if there were no tomorrow. This is a dance between the fear of missing out (the famous FOMO) and the prudence of knowing that every pump can be followed by a dump. 🎢
If the bulls manage to maintain control and break through $4, we could see SUI aiming for $4.50 and even $5. Crazy! But if the momentum cools off and those who bought cheap decide to take profits, that same $4 level could become a ceiling and send it back to $3.50, or worse, to the $2.93 we saw in the past. It's a "all or nothing", a bullseye where accuracy is everything.
So, my friends, we need to keep our eyes wide open. The move is high risk, but the reward could be brutal. It's the kind of play that defines who is on the field and who is just a spectator. What do you all think? Will SUI reach $5 or deflate prematurely? I'm listening. $SUI
