$SUI
Technically, SUI indicators show clear signs of growth. The price has rebounded at a Fibonacci level with the formation of a local slope, alongside strong trading volumes coming from the peak, reflecting the market's readiness for a new upward wave, also supported by Bitcoin's stability.
On the chart, a bullish flag pattern is forming, which is one of the technical patterns that often indicates the continuation of positive movement.
Current price: $3.4739
Most likely scenario: Gradual rise towards $3.55 - $3.60 with a high probability of the upward trend continuing.
Alternative scenario: The price may slightly retreat to test the lower boundary of the flag at the $3.33 area, which is a level likely to witness a rebound and new upward push.
Overall, the technical reading for SUI shows a strong readiness to continue growth, as long as the price maintains the mentioned support area.
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