$SUI

Latest market analysis and technical forecasts

Cointelegraph and AInvest indicate the beginning of the current altcoin season, as the flow of funds shifts away from Bitcoin towards coins like SUI. Despite resistance at the ~$4.30 level, if successfully broken, SUI could reach $5 and at best $5.37.

Technical patterns show the formation of an 'inverse head-and-shoulders' structure and a positive bounce above the 20-EMA moving average, which enhances the likelihood of continued upward movement in the short term.

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🏦 Institutional support and adoption

Lion Group announced on June 26 that it is investing in SUI as part of a $600 million portfolio, leading to a rise of over 15% during the first week of July, with support forming near $2.87 before the increase.