🔥 $SUI Eyes $4 Breakout Bullish Momentum Meets On-Chain Governance! 🚀

📈 Price Action Update

Current Price: $3.6904 (+6% intraday)

Trend: Bullish continuation

Support Rebound: Strong bounce from 50-day EMA at $3.40 on a bullish engulfing candle

Short-Term Momentum: Accelerating with governance backing and community sentiment

🗳️ Governance Catalyst

✅ Voting Live: Sui Foundation proposes a one-time transaction to recover Cetus-hacked funds

🧠 Requires 50% stake approval (58 votes) — 34 already in favor, 24 more needed

⏳ Voting window: 7 days, early pass in 48h if quorum is hit

💼 Multi-sig recovery wallet managed by OtterSec, Cetus & Sui Foundation

🔥 Key Technical Levels

🔹 Support Zone: $3.40 (50 EMA bounce)

🔸 Mid-Fib Resistance (50%): $3.60 (already cleared ✅)

⚠️ Next Profit Booking Zones:

TP1: $4.00 (psychological + Fib 61.8%)

TP2: $4.56 (Fib 78.6%)

TP3 (ATH Challenge): $5.29 (January 9 close)

🛠️ Technical Sentiment

🔥 Bullish momentum building on macro and micro charts

🟢 On-chain progress + real recovery vote = increased confidence

📊 Break above $4 may trigger FOMO and trend continuation

✅ Conclusion:

$SUI is Bullish, backed by:

📈 Technical strength (EMA bounce + Fib reclaim)

🗳️ Fundamental catalyst (Cetus vote recovery)

🔄 Clean macro structure setting up for $4+ breakout

Watch for confirmation above $4 with volume. Target $4.56 next if the breakout is clean. 🧨💹

Buy And Trade Here $SUI