SUI has entered a new price discovery phase after a significant breakout, leading to speculations on reaching $10.
SUI Chart Analysis: Price Discovery and Growth
The SUI chart shows that the token has moved into a price discovery phase, showcasing a steady climb after breaking through previous resistance levels. The MACD indicates the strength of the current upward movement, with both short-term and long-term moving averages maintaining an upward bias.
Support Levels and Breakout Confirmation
Analyst King Crypto highlights the crucial support at the $2.3 level, which was previously resistance. The switch from resistance to support signals a strong bullish trend. Another key support level is noted at $1.6, further securing any pullbacks.
SUI's Potential Price Targets
Projections include targets of $10 and $15, driven by the current momentum. Experts believe SUI could reach these figures if the uptrend continues, although investors should monitor key support levels closely.
SUI's positive momentum and solid support levels suggest potential further growth. However, market participants should exercise caution and watch crucial price levels closely.
