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SUI Eyes $8 Target as Bullish Technical Patterns Emerge
SUI Eyes $8 Target as Bullish Technical Patterns Emerge
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[TRADE_PLUGIN]SUIUSDT,SUIUSDT[/TRADE_PLUGIN]
SUI News -
Sui (SUI) has broken through key resistance levels, with analysts spotting a symmetrical triangle breakout at $4.30 that could drive the token toward $8. Market observer Ali Martinez notes this pattern follows weeks of consolidation, aligning with Fibonacci retracement levels at $5.29, $6.96, and $8.05.
Additional bullish signals come from a 12-hour chart cup-and-handle formation, establishing $4.15 as new support. Trading volume and open interest have surged alongside the price movement, indicating strong market participation. The rally demonstrates growing confidence in SUI's technical structure as it challenges higher price thresholds.
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