📌 Quick summary $SUI

SUI has just broken out past the $4.05 level, with the potential to continue towards $4.24 and further if the momentum holds.

The entry level targets a retest of the breakout, with a cautious stop loss below the support zone.

Targets can extend up to $6.70 if it continues to run along the bullish structure.

---

🔍 Overall technical assessment

TipRanks: RSI ~69 (neutral), MACD +0.25, most Moving Averages (MA5, MA20, MA50…) clearly signal Buy → overall technical assessment rates Buy / Strong Buy.

Investing.com:

Daily / Weekly frame: Strong Buy;

4H / 1H frame: bullish but occasionally neutral (mixed signals) — further confirmation needed from actual price action.

Token Unlock Rainbow: the price drop wave of ~44 million SUI (~1.3% of total supply, valued at $189M) may create short-term pressure, but if it is well absorbed, it could give a push for the next rally.

ETF fund: Canary Capital is filing an ETF for SUI, which if approved in 2025 will provide strong price growth momentum.

---