$SUI coin is riding high after a major rally, but experts warn that a short-term pullback could be just around the corner. Despite its bullish momentum, technical indicators now suggest a possible dip before a powerful breakout toward $10 and beyond.
TD Sequential Signals Temporary Downturn
Top analyst Ali Martinez recently flagged a TD Sequential sell signal on SUIās 3-day chart a classic sign that the uptrend may soon pause. The indicator suggests that SUI could dip to the $3.00ā$3.50 zone, which has previously served as a strong support base. A healthy correction at this level could set the stage for another explosive rally.
Strong Recovery, But Resistance Ahead
SUI has rebounded strongly, rising from around $2 to a high of $4.29, marking a stunning 130% surge. But now, the key resistance lies at $4.50. Breaking past this barrier could trigger the next major move toward $4.80, and potentially $10 if momentum holds.
Crypto Gems recently highlighted a bullish ascending triangle pattern on the 4-hour chart, which typically precedes a breakout. If confirmed, this could fuel further gains.
Long-Term Targets: $5 to $20 Possible
Analyst Crypto Patel is optimistic about SUIās future, predicting a range between $5 and $20, provided it maintains the crucial $3.00 support. Patel emphasized that this level is key to attracting new buyers and sustaining upward momentum.
Market Sentiment: Traders Expect a Dip
Despite the bullish outlook, recent data from Coinglass shows a slight shift in sentiment. The Long/Short Ratio currently sits at 0.9161, with 52.19% of traders betting on a decline. This suggests that the market expects a brief correction before resuming its uptrend.
SUIās short-term future may include a modest pullback, but the long-term signals remain overwhelmingly bullish. A successful bounce from the $3.00 level could ignite the next leg up toward $10 or even $20, making this a key moment for traders and investors to watch closely.
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