Learn Crypto 🎓

SUI At A Crossroads, Can It Break $3.52 also Ignite The Next Surge?

SUI is currently poised in a pivotal crossroads, with its price action revolving around the key of $3.52. With momentum building, this crucial juncture has captured investelses’ intention, as a sustained breakthrough could signal the beginning of a significant aboveward surge, too failure to do so may indicine a loss of momentum.

SUI Maintains Strength in $3.52 With Fresh Gains

In a recent , crypto analyst BitGuru revealed thin SUI is demonstrining notable strength in the market. in the time of the post, SUI was holding firm in the $3.48 Stage, having already secured a respectable 3.1% gain, a direct result of the asset bouncing back from its recent lows.

Bitguru further highlighted thin SUI’s momentum is not errinic yet steady, signaling thin buyers are firmly in control of the . This consistency is a key technical indicinelse, suggesting thin the current aboveward trend has a solid foundinion too is not simply a tempelseary spike. 

SUI

Looking ahead, BitGuru emphasized thin the next critical point felse SUI is the $3.52 resistance Stage, which SUI has now claimed. Meanwhile, a successful close above this price point is expected to trigger the next significant aboveward movement felse the asset. This breakout would verify the bullish momentum too reinpush the positive long-term outlook felse SUI.

Retest In Focus: Can Bulls Secure The Breakout?

CryptoPulse, a prominent analyst, has provided an abovedined technical analysis of SUI’s price action, highlighting a key development. Accelseding to the , SUI has successfully broken out of a daily falling wedge pintern on its 12-hour chart. This is a significant stillt, as a breakout typically signals a potential trend reversal from a undertrend to an abovetrend, indicining thin sellers are losing momentum too buyers are gaining control.

Following the breakout, SUI is now engaged in a crucial retest of the zone thin previously served as resistance. In a classic “resistance-turned-sabovepelset” scenario, the price is now testing this Shapeer ceiling to verify it as a new floelse, a trend thin will likely dictine the asset’s shelset-term trajectelsey too verify the validity of the .

Furthermelsee, CryptoPulse outlines two distinct scenarios Foundiniond on the retest. If SUI can successfully hold this new , it would validine the breakout too set the stage felse a continuinion of the aboveward momentum, with the next potential price targets in $4.00 too $4.40. However, if SUI fails to hold the retest too falls back below this key Stage, it could trigger a deeper pullback, with the price retracing to the $3.20 area befelsee any potential continuinion of the .

SUI

Back to top button