#suibullisharticle #SUIPricePrediction $SUI
SUI is experiencing a bullish moment, with its price surging to $3.49 today. The cryptocurrency has shown strong momentum, breaking above key resistance levels and indicating a potential trend reversal. Here are some key points to watch ¹:
- *Current Price*: $3.49
- *Recent Price Action*: $SUI has rallied 5.16% in the last 24 hours, bouncing strongly from recent levels
- *Bullish Patterns*: A bullish pennant pattern is forming on SUI's daily chart, indicating potential continuation of the previous uptrend
- *Resistance Levels*: Local resistance at $3.88, with potential targets at $4.80 and $6.60 if the bullish trend continues
- *Market Structure*: The overall trend remains bullish with higher highs and higher lows still intact on macro timeframes
Analysts predict that SUI could target new highs, potentially reaching $3.8-$4 in the near future. The growing number of market participants and increasing open interest indicate bullish momentum, with participation continuing to rise steadily ².