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SUI Technical Breakout Signals Potential Surge to $8 by Late 2025
SUI Technical Breakout Signals Potential Surge to $8 by Late 2025
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[TRADE_PLUGIN]SUIUSDT,SUIUSDT[/TRADE_PLUGIN]
SUI News - SUI has shown remarkable resilience in recent trading sessions, currently trading at $3.61 with weekly gains surpassing 10%. Market experts interpret this stability as sustained investor confidence, positioning SUI as a cryptocurrency to monitor closely in the coming months.
Technical analysis reveals a corrective Elliott wave triangle formation on weekly charts, with the coin successfully testing crucial support at $3.20. Prominent crypto analyst Commander.sui indicates this pattern could drive SUI toward an $8 target if current support levels hold—representing a potential 120% upside from current levels by late 2025.
The upcoming launch of Magma Finance's ALMM protocol may further enhance SUI's prospects, potentially revolutionizing its DeFi ecosystem through advanced liquidity mechanisms and innovative financial instruments that could attract institutional capital.
Technical analysis reveals a corrective Elliott wave triangle formation on weekly charts, with the coin successfully testing crucial support at $3.20. Prominent crypto analyst Commander.sui indicates this pattern could drive SUI toward an $8 target if current support levels hold—representing a potential 120% upside from current levels by late 2025.
The upcoming launch of Magma Finance's ALMM protocol may further enhance SUI's prospects, potentially revolutionizing its DeFi ecosystem through advanced liquidity mechanisms and innovative financial instruments that could attract institutional capital.
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