SUI/USDT (1D) – Channel Break Confirmed
Price has punched through the top of the 7-week descending channel, closed above it, and already retested the breakout area as support.
Key Levels
Breakout zone: $2.90
Retest support: $2.75 – $2.80
Upside objectives: first $3.30 (April pivot), then $3.80 (May swing high)
Invalidation: daily close below $2.70 would put the move back inside the channel and shift focus to $2.50
Momentum Context
20-EMA has crossed back over the 50-EMA, signalling an early trend shift.
MACD histogram just turned positive; lines curling up.
RSI is lifting out of the bear zone (now ~47).
Takeaway
As long as the pair holds $2.75 – $2.80 and ultimately reclaims $2.90 on a daily close, bias stays upward toward $3.30 and beyond. A failure under $2.70 invalidates the breakout and reopens the path to $2.50.
Not financial advice – do your own research.
