#SUI

Trade Sui now . . . bullish sentiments❤❤❤❤❤$SUI

𝙎𝙐𝙄 𝙋𝙧𝙞𝙘𝙚 𝙋𝙧𝙚𝙙𝙞𝙘𝙩𝙞𝙤𝙣: 𝘼𝙣𝙖𝙡𝙮𝙨𝙩 𝙏𝙖𝙧𝙜𝙚𝙩𝙨 $7 𝘼𝙢𝙞𝙙 $1𝙏 𝙎𝙩𝙖𝙗𝙡𝙚𝙘𝙤𝙞𝙣 𝙎𝙪𝙧𝙜𝙚 𝙖𝙣𝙙 𝙎𝙬𝙞𝙨𝙨 𝘽𝙖𝙣𝙠 𝘽𝙖𝙘𝙠𝙞𝙣𝙜

Since early August, SUI has gained renewed attention from both retail and institutional circles. Its repeated rebound off a long-term trendline has generated investor optimism. As of press time, SUI was trading at approximately 3.38, the third time it has held above key support this year. In the meantime, the ecosystem is gaining momentum in new institutional support and increased DeFi activity. These, together with on-chain positioning, are creating a possible set-up of another rally.

Analyst Lau has made a bullish Sui price forecast of $7, with a good technical structure that can be seen on the weekly chart. In her analysis, SUI has been respecting an ascending trendline on several retests. The initial rebound off this trendline gave a 1058% rally and the second bounce gave 122%. SUI has now bounced back once more off the same diagonal support, and is now trading above the $3.38 mark.

This action is reflective of its historical performance, which augers well in the possibility of another explosive rally should the price continue its historical path. The analyst says that the next major leg up could be confirmed by a clean breakout above the $4.55 level.

The higher lows and the continued respect of the trendline, shows that buyers are getting more convinced. Thus, the technical evidence is highly in favor of her bullish Sui price forecast in case of continued momentum.

Sygnum Bank support and $1T DeFi volume boost long-term legitimacy for SUI.

Despite sell pressure, 70% long positions may fuel bullish continuation.