SUI Price Poised for Breakout: Technicals Signal Potential Rally to $20
Sui (SUI) is on the verge of a potential breakout, with technical indicators pointing to a significant upward move. Currently trading at $1.80—a 9.04% drop in the last 24 hours—the token is testing a crucial support level at $1.98. Holding this level could spark a rally toward $2.08, with historical patterns suggesting an 860% surge to $20.
The market cap sits at $6.71 billion, with $1.74 billion in daily trading volume, indicating cautious yet strategic positioning. The token's ascending channel formation and Relative Strength Index (RSI) nearing breakout levels reinforce bullish momentum. Traders are eyeing a retest of channel boundaries for confirmation of the next upward leg.