SUI Token Rallies 15% as Technicals Point to Continued Upside
Sui (SUI) has emerged as a top performer in crypto markets, surging 15% to $4.23 today. The token shows impressive gains of 13.1% weekly, 28.7% bi-weekly, and 62.3% monthly - significantly outperforming peers.
Technical analysts observe a near-complete AB=CD pattern with approaching trendline resistance. Marcus Corvinus identifies a $5.64 price target, with potential extensions to $6.70-$8 if bullish momentum continues. Trading volume is rising as investors accumulate positions below $5.
The rally coincides with growing social media buzz positioning sui as a high-conviction play. 'The window for entry at current levels is closing fast,' noted one trader, highlighting accumulation strategies among savvy market participants.