SUI Price Primed for Explosive Rally, Macro Breakout Targets $10-$11 Range

[TRADE_PLUGIN]SUIUSDT,SUIUSDT[/TRADE_PLUGIN] SUI News - SUI has decisively broken above the $3.75 resistance level, currently trading at $3.81 with impressive daily volume of $2.48 billion and a market cap of $8.92 billion. Market analysts are drawing compelling parallels to Ethereum's historic 2020 breakout pattern, suggesting a strong bullish trajectory with initial targets between $10 and $11. Investment firm VanEck projects even more ambitious potential, forecasting a price range of $13 to $25 in the coming months. Technical indicators present a mixed but overall positive picture. The MACD demonstrates robust bullish momentum, while the RSI indicates short-term overbought conditions that might trigger a healthy retest of the $3.55 support level before further upside movement. The ascending triangle pattern identified by prominent analyst Dan Gambardello significantly reinforces the bullish thesis. Market sentiment remains cautiously optimistic as traders monitor for sustained momentum without significant pullbacks. This breakout has firmly positioned SUI as one of the most discussed tokens in crypto circles, with substantial trading volume validating the growing enthusiasm for its next major price movement.