🚨
$SUI HOLDS $1.60 — ANALYSTS EYE $4.20 TO $7.20 MOVE 🚨
$SUI is firmly defending the $1.60 support, a level tied to hundreds of millions of dollars in market value, and continues to trade inside a clean ascending channel that has been intact since early 2024.
📊 Structure remains strong:
On the weekly chart, SUI shows controlled pullbacks and consistent higher lows, signaling that smart money is still positioned despite recent volatility. This is the kind of price action typically seen during accumulation phases.
#SUIPricePrediction 🎯 Key upside targets:
$2.60 → first major resistance and short-term objective
$4.20 → upper boundary of the ascending channel
$7.20 → long-term breakout target if resistance gives way
A move from $1.60 to $4.20 represents a +160% upside, while a breakout toward $7.20 implies over +350% potential gains, assuming momentum and volume confirm.
📉 Momentum is aligning:
Price has recently touched the lower trendline of the channel while entering oversold territory, a combination that historically precedes bullish reactions in trending markets.
🧩 Bigger picture:
The monthly chart remains bullish as long as $1.60 holds, with analysts pointing to a falling wedge pattern forming under a descending resistance line. A confirmed breakout could unlock the next major leg higher.
⚠️ Bottom line:
As long as $1.60 stays intact, SUI offers a favorable risk-to-reward setup, with clearly defined invalidation and multi-dollar upside targets. The consolidation may look quiet — but the numbers suggest a potentially explosive move ahead.
$SUI