$SUI prepares for another increase: Will $5 be the next target?
After its breakout, SUI has consolidated within a key range and has found temporary resistance above the $4.00 level. Some analysts suggest that the next target for the cryptocurrency is near $5.00, as it could be repeating its all-time high (ATH).
SUI has experienced an impressive recovery of 120% since the April low of $1.76, surpassing the barriers of $2 and $3 in recent weeks. The cryptocurrency has risen 85% in the last month, despite the recent unlocking of its token, reaching a four-month high of $4.29 last Monday.
However, SUI has retraced 10% from last week's high, fluctuating between $3.60 and $4.10. Trader Froggy pointed out that the cryptocurrency is approaching the important resistance at $4.00, which it has been unable to maintain for seven days.
