SUI Breaks Out: Eyes $8 Target Amid Bullish Momentum
Sui (SUI) has broken out of a symmetrical triangle pattern, a technical formation often preceding significant price movements. The LAYER 1 blockchain token now trades at $4.26 with bullish momentum, eyeing resistance levels above $4.50 and a potential $8 target.
Trading volume surged to $4.70 billion as market sentiment turns positive amid broader crypto recovery. Analyst Ali Martinez notes the pattern breakout typically leads to sharp swings, with SUI's current trajectory suggesting sustained upward movement.
The asset's $9.98 billion market cap reflects growing investor interest as it emerges from prolonged consolidation. This technical development coincides with a revitalized altcoin market, positioning sui for potential outperformance in the current cycle.
