SUI Shows Potential for Rally Toward $3.89 Following Bullish Pattern Breakout
2025-07-10 22:35:09

Main Idea
SUI's breakout from a bullish pattern suggests a potential rally to $3.89, supported by technical indicators and Bitcoin's positive market influence.
Key Points
1. SUI rebounded from the 20-day EMA at $2.92 and surpassed the 50-day SMA at $3.08, confirming a bullish breakout.
2. Technical projections indicate a near-term climb to $3.55, with a pattern target of $3.89 if the price sustains above the 50-day SMA.
3. The neckline of the inverse head-and-shoulders pattern near $3.08 acts as a strong support zone; a rebound here could propel SUI toward its target.
4. A failure to maintain support at $3.08 could lead to a bearish reversal, with potential declines to $2.80.
5. SUI's price surge aligns with Bitcoin's recent all-time high, indicating broader market bullishness and potential for further gains.
Description
SUI’s recent breakout from an inverse head-and-shoulders pattern signals a potential bullish rally toward $3.89, marking a significant technical milestone. The altcoin’s price momentum is supported by key moving averages
Latest News
- FETH Leads with $37.3M Net Inflow as Grayscale ETH and ETHE Also See Significant Gains2025-07-11 03:16:16
- Florida Attorney General Investigates Robinhood’s Crypto Trading Costs Amid Transparency Claims2025-07-11 03:03:37
- Ethereum Shows Gradual Recovery After Early 2024 Decline Following Eric Trump’s Buy Recommendation2025-07-11 03:03:18
- Trend Research’s LD Capital Amasses 182,000 ETH, Securing $130 Million in Floating Profits as Ethereum Hits $3,0002025-07-11 03:03:01
- Robinhood Expands U.S. Crypto Services With Ethereum Staking Starting at $1 Amid Regulatory Limits2025-07-11 03:02:13