SUI Breaks Out With Strong Momentum: $5.50 Target in Sight as Analysts Bullish
SUI has surged 6.52% over the past week, defying broader market sluggishness with a 4% gain in the last seven days. Trading at $4.25, the token boasts a 24-hour trading volume of $2.64 billion and a market capitalization of $14.7 billion, signaling robust investor interest.
A symmetrical triangle breakout on the daily chart suggests upward momentum, with analyst Ali (@ali_charts) projecting a first target of $5.50. Sustained bullish sentiment could propel sui toward $8, as technical patterns align with growing liquidity inflows.