SUI Price Analysis: Bulls Eye $3.20 After Clearing $2.85 Resistance
Sui (SUI) has decisively broken through the $2.85 resistance level, with market analysts now targeting $3.20 as the next upside objective. The cryptocurrency's strong rebound from $2.29 support and sustained consolidation above key moving averages indicates a bullish technical structure, though weakening momentum warns of potential volatility ahead.
Technical indicators suggest an impending breakout, with the 10 and 30-period moving averages showing flattening patterns. Prominent crypto analyst @the_wolf_mind highlights the current low-volatility compression near $2.90, noting this pattern typically precedes significant price movements. Traders remain divided between accumulation opportunities and concerns about a possible bull trap formation.
