📈 $SUI forms an ideal ascending triangle on the daily chart!!!
The price structure shows that the bulls are strongly defending the ascending support level, and momentum is rapidly increasing.
After breaking through the technical pattern, the price is now targeting new record levels, with expectations of reaching $7 after surpassing the resistance at $4.20.
✅ Technical indicators:
- Successful breakout of the ascending triangle pattern.
- High trading volume supporting the bullish trend.
- Strong institutional support, including the entry of Swiss Bank Sygnum in supporting SUI tokens.
📌 Current price: around $4.06
📌 Next resistance: $4.25 (Fibonacci level 0.786)
📌 Potential targets: $4.80 → $5.00 → $6.50 → $7.00
📢 Follow the channel #CryptoEmad for more daily analyses and hot opportunities!