SUI bullish chart pattern confirmation sets breakout target at $3.89

Key Points

1. SUI broke above the 50-day simple moving average ($3.08) and showed bullish momentum with the 20-day EMA turning up and RSI in positive territory.

2. If buyers maintain the price above the 50-day SMA, the SUI/USDT pair could rally to $3.50 and then to the pattern target of $3.89.

3. A drop below the 20-day EMA ($2.92) could signal bearish momentum, potentially driving the price down to $2.64 and later to $2.29.

4. The 4-hour chart shows the RSI nearing overbought levels, suggesting a possible pullback before further upward movement.

5. Bitcoin's price trends are also noted, with mentions of potential highs and profit-taking levels.