SUI’s next ‘altcoin season’ stop could be $5: Here’s why
2025-07-17 20:26:07
Main Idea
SUI's price could potentially reach $5 if it breaks through key resistance levels, with support and resistance points identified in its trading pattern.
Key Points
1. SUI gained momentum after breaking above the 50-day simple moving average, reaching near the overhead resistance of $4.30.
2. Support levels are identified at $3.81 and the 20-day exponential moving average ($3.37).
3. A rebound from the 20-day EMA could lead to another attempt to break above $4.30, potentially driving the price to $5.
4. If the price breaks below the 20-day EMA, it may drop to the 50-day SMA, indicating weakening bullish momentum.
5. On the 4-hour chart, sellers are attempting to halt the rally at $4.10, with $3.55 acting as a critical breakout level.
Description
The start of a new altcoin season could play a key role in sending SUI toward $5.
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