SUI Price Primed for Major Breakout: Golden Cross Signals Potential 90% Rally to New ATH
SUI's price action is flashing bullish reversal signals, contradicting earlier bearish forecasts that predicted a drop below $2.50. Technical indicators now suggest the token could surge 90%, potentially retesting its all-time high of $5.30.
The emergence of a golden cross pattern - where the 50-day moving average crosses above the 200-day MA - has historically preceded substantial rallies for SUI. The last occurrence triggered an impressive 350% price appreciation. Current market conditions mirror this setup, with the token holding strong above key support levels.
Traders are closely watching the $3.75 resistance level as the next critical test. A confirmed breakout could pave the way for moves toward $5.00 and beyond, while failure to maintain current levels might lead to consolidation. This bullish reversal effectively negates the previously observed head-and-shoulders pattern that had threatened downward momentum.