SUI Price Poised for Potential Rally to $5.88 as Key Support Holds

SUI's price action is currently testing the crucial $2.13 support level, a historically significant demand zone that coincides with the 0 Fibonacci retracement level. Maintaining this support could catalyze a bullish reversal, with upside targets at $3.95 and potentially $5.88. Technical indicators show promise, as the MACD's bearish momentum continues to narrow, suggesting a possible trend reversal.

Market analysts emphasize the importance of the $2.13 level as a make-or-break point for SUI. While a breakdown could extend the current downtrend, holding this support may fuel an upward trajectory toward higher resistance levels. The current price of $3.26 reflects measured Optimism among traders.

ROSE Premium Signals points to compelling weekly chart patterns that mirror previous reversal scenarios. The market now awaits clear confirmation of either a breakdown or breakout to determine SUI's next significant price movement.