The price of $SUI has exceeded the 20-day exponential moving average (EMA) and is currently trading at $3.83, with a bullish crossover between the 20 EMA and the 50 SMA still in effect. Additionally, the price recently crossed the 7-day EMA on yesterday's candle with a gain of over 8%, and while the 7 EMA is currently below the 20 EMA, it looks ready to cross it soon, which will align these averages in a bullish order.

What is soon to become a reality significantly reduces the risk of forming the bearish double top that has already been mentioned, shifting market sentiment in favor of the bulls. As a result, the likelihood of testing the resistance zone of $4.30–$4.40 has increased, with the potential for a higher high next week.

DYOR