Is SUI Cryptocurrency About to Take Off? The Key Support is Unbelievably Strong, Breaking the Descending Wedge, and a Market Reversal is Imminent!
SUI's price is solid, firmly holding the support zone of $2.20 - $2.30, with hopes for a rebound. After a sharp drop from the peak, it seems to be preparing for a big move. This range was once a resistance, but has now turned into support, and the short-term trend may change dramatically.
Recently, SUI has been stabilizing in the $2.20 - $2.30 range, and buyers might take this opportunity to turn the tables. The prolonged downtrend has slowed, and technically, a descending wedge has formed, which is usually a precursor to a price increase.
The wedge is continuously narrowing, and once broken, the momentum will turn, like a signal for a jump after a pullback.
If it truly erupts, the target is clear: the first stop aims at $4.7961, with the potential for significant recovery; the second stop is $6.1162, with the market looking good for new highs.
Today's Focus: LINA BURGER ORCA
