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SUI Eyes $4 Breakout After Falling Wedge Pattern Confirmation
SUI Eyes $4 Breakout After Falling Wedge Pattern Confirmation
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[TRADE_PLUGIN]SUIUSDT,SUIUSDT[/TRADE_PLUGIN]
SUI News - SUI shows recovery signs as it gains momentum following extended bearish pressure. Analysts highlight a breakout from the falling wedge pattern, a technical indicator often preceding upward price movements. The token currently trades at $3.50 with $1.48 billion 24-hour volume, despite a recent 3.99% dip. Market observers suggest this consolidation may precede another leg up, with $4 emerging as the next potential target. Noted analyst Mark.eth points to constructive chart patterns developing after prolonged selling pressure. The formation of higher lows suggests building bullish momentum reminiscent of SUI's previous rallies.
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