A chart presented by Crypto Patel shows promising levels for the cryptocurrency SUI, starting at $0.35 and potentially reaching $100.
Overview of SUI Chart
A recent analysis of the SUI chart shows a clear breakout structure forming. After bottoming out around $0.35 in late 2023, SUI has been building a strong base, reflecting support levels, and slowly reclaiming key values. These price movements are not random and follow a trend reversal pattern.
Potential Growth Levels
The chart highlights two major entry levels: the first around $0.35 and the second near $1.50-$1.70, aligning with the 0.618 Fibonacci level. This level often acts as a launch pad in bull markets. Currently, SUI is trading around $2.89, and a breakout from this level could flip resistance into support.
Long-term Thoughts
The chart also maps out two significant green zones that represent potential bull market phases. If SUI can maintain its structure and break out of the current range, the first major target is around $14, with a secondary target potentially reaching the $97-100 range over the next 12-18 months.
The SUI chart provides a detailed example of possible long-term dynamics. Regardless of the final outcomes, it emphasizes the importance of accumulation and Fibonacci levels for understanding future market events.
