Crypto analyst Alex Clay advises traders to pay attention to SUI. He believes that the price of SUI exhibits a strong structure on higher time frames.
Current SUI Chart Structure
Alex Clay describes a classic cup and handle pattern signaling a fresh phase of re-accumulation. He notes that 'compression looks finished' and is watching for a breakout. Price targets for the SUI token are set at $7.90, $9.75, and $11.70. He even suggests SUI could push into two digits if the market agrees.
SUI Network Activity
Supportive information about network activity indicates a bullish sentiment. According to ToreroRomero, SUI has flipped Solana in daily active addresses, signaling growing user participation. More active addresses may indicate rising demand for block space and applications, which could feed interest in the SUI token.
Conclusions and Predictions
Alex Clay emphasizes that the structure looks constructive, the consolidation is maturing, and SUI is pressing against a key line. If buyers take control, the path to targets of $7.90, $9.75, and $11.70 is plausible.
Thus, SUI appears to be an interesting asset to monitor in light of the current market activity and the exit points suggested by the analyst.
