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SUI Breaks Out of Symmetrical Triangle, Eyes $8 Target as Rally Gains Momentum
SUI Breaks Out of Symmetrical Triangle, Eyes $8 Target as Rally Gains Momentum
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[TRADE_PLUGIN]SUIUSDT,SUIUSDT[/TRADE_PLUGIN]
SUI News -
SUI's price has decisively broken out from a symmetrical triangle pattern on the daily chart, confirming a bullish continuation after extended consolidation. The breakout above the critical 0.786 Fibonacci level at $4.26 indicates a technically validated trend reversal, further confirmed by a daily close above $4.30.
Fibonacci extension targets now suggest potential resistance at $5.28, $6.96, and $8.04. Traders are monitoring the newly established support level at $3.68 as the altcoin builds momentum for its next upward move. This technical development is being widely interpreted by market participants as signaling substantial upside potential in the coming weeks.
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