BTCC
/
BTCC Square
/
Global Cryptocurrency
/
SUI’s Meteoric Rise Signals Potential Pullback—Analyst Targets $2.75 Correction
SUI’s Meteoric Rise Signals Potential Pullback—Analyst Targets $2.75 Correction
9
1
[TRADE_PLUGIN]SUIUSDT,SUIUSDT[/TRADE_PLUGIN]
SUI News -
SUI has distinguished itself as a top performer in the crypto market’s recent recovery, boasting a 67.21% weekly surge and an impressive 192.70% yearly gain. The altcoin’s rapid ascent now indicates signs of overheating, with technical analysis suggesting an approaching correction.
Market research firm More Crypto Online applied Elliott Wave theory to SUI’s price movements, identifying a probable pullback after the asset hit the 178% extension level. The analysis advises traders to brace for potential downside volatility following this parabolic rally.
By:
Previous
Nasdaq Demands Clear Regulations to Guide SEC’s Crypto Classification
Next
Stripe Launches New Stablecoin to Revolutionize Cross-Border Crypto Payments
