SUI is about to break through key resistance! Analysts predict the price will soar to $10!
SUI (SUI/USDT) is currently forming a key triangular pattern, and technical analysts indicate that this consolidation pattern may signal a strong price breakout. As the market structure tightens, SUI's price fluctuates between strong support levels, suggesting an imminent breakout. According to analysts' predictions, this breakout could further drive SUI's price up, potentially reaching $2.82 in the short term, with a mid-term target that could astonishingly reach $10!
Technical patterns and strong support levels form bullish signals
The 8-hour chart of SUI shows a consolidation pattern of a symmetrical triangle, with the price fluctuating between converging trend lines since early April. Currently, strong support is located in the range of $2.0172 to $2.2047, an area that has successfully withstood recent downward pressure. Analysts point out that as momentum strengthens, once the resistance level of $2.2772 is broken, SUI could welcome further upward movement, with a target price expected to break through to $2.8256.
Buying confidence continues to strengthen, a breakout is imminent
Another well-known analyst, CryptoCandy, also confirmed this bullish signal. He noted that the continuous rebound of SUI's price within the strong support range indicates an accumulation of buying pressure. He further analyzed the historical context of this compression pattern, believing that once the $2.2772 resistance is broken, SUI's upward momentum will further intensify, with a short-term target of $2.82 and a long-term target as high as $10!
SUI's ecosystem continues to grow, combined with solid technicals, the possibility of this breakout is continuously increasing, and the market is preparing for a strong upward wave.