Sui (SUI) is coming back! After passing through crucial resistance, the bulls now rule the market and all technicals point toward an upward trajectory. Meaning, away with slow and steady; Sui’s charts plainly speak of a fast rise, with well-defined uptrends that have cropped up on the daily and hourly charts. Investors are buckled up with sights on the grand prize: breaking the $5 ceiling.
SUI Price Prediction: What Does the Daily Chart Say?
SUI/USD 1 Day Chart- TradingView
It’s shaping up to be SUI’s rally back in force! The bulls took charge after the price touched near $1.80 back in April. No sideways action here! Gone are the days when SUI was climbing past resistance and 50-, and 100-day moving averages. It’s showing strength aboveallprimary SMAs now. The 20-day SMA just crossed from below the 50-day, slotting right into a textbook bullish play on the charts. At a price of about $4.09, sustaining almost a 2% gain in a day, SUI has clearly broken from the $3.50-$3.80 resistance zone. Are we finally witnessing the beginning of a major uptrend?
Under the SUI price explosion, a covert force existed: the Accumulation/Distribution Line. The upward slant tells a story of increasing buyer conviction. This is not a speculative bubble; strong volume and relentless accumulation are instead fuelling the fire, turning a mere breakout into the possibility of an earth-shattering shift.
What’s Happening on the Hourly Chart?
SUI/USD 1 Hr Chart- TradingView
SUI, on the hourly chart, says, “Liftoff!” The momentum took SUI price for a wild dance around $3.80 through an explosion which saw prices briefly shoot past $4.20 before taking a breather. The moving averages are in harmony, a perfectly stacked, bullish chorus composed of the 20, 50, 100, and 200 SMAs. The 20-SMA on the hourly went through a slight dip, but relatively, SUI is above it, perhaps indicating more fuel left for the rocket.
SUI price action is giving a signal for a bullish resurgence. Imagine sharks circling below and mercilessly snapping up everything at bargain prices: that’s what volume on green candles is telling us. Dips? Barely moving the ADL, it says it’s all buying. The $3.95 mark in the sand. Hold that line and SUI is ready to take off.
SUI Price Prediction: Will SUI Hit $5 Soon?
SUI is charging toward five dollars due to the technicals aligning and momentum building: That big round number is just a magnet. Expect a fight: $5 is a psychological barrier backed by January’s peak; the swing traders hold it in their sights while maybe some profit-takers circle. Bulls in charge? If the price got a fairly sustained bounce off $4.00, then a rapid push to $4.60 would immediately become the trade, so much so that the breakout run to $5 would take care of itself.
However, the bulls are clutching onto $3.80 for their dear lives. If this support were to fail should any break below $0.50 we might expect a pullback to 50-SMA around $3.30.
Final Thoughts
SUI is all set for liftoff! There is simply no talking about accumulation here; this one is merely setting off. Congestion from strong confluence zones of moving averages with a surge in buying pressure and the short-term chart turning bullish all have SUI pointing towards the skies. Provided the broader market cooperates against this, steady gains to the $5 regions are looking more tangible in the near term.
Thanks for reading SUI Price Prediction: Is $5 the Next Target After This Breakout?
