SUI Price Primed for 3x Surge as Recurring Bullish Pattern Reemerges

ZAYK Charts has noticed a possible breakout for SUI, suggesting the cryptocurrency could possibly be headed for main positive aspects within the close to future.

The technical evaluation from ZAYK Charts examines the SUI/USDT buying and selling pair on a 3-day timeframe, revealing a repeating bullish sample. The chart shows three falling wedges—a bullish continuation sample the place value contracts between downward-sloping trendlines earlier than breaking upward.

The primary falling wedge appeared in 2023, forming after a pointy value drop. When value broke out of this sample, it triggered a robust rally. A second, longer wedge shaped over a number of months between 2023-2024, once more leading to a pointy upward motion after the breakout. At the moment, a 3rd falling wedge with very comparable construction is forming, with value approaching the breakout zone.

Goal Projection: $7

Primarily based on the peak of earlier breakout strikes, ZAYK Charts has projected a value goal of round $7 for SUI. That is highlighted in a inexperienced field on the chart, representing a possible acquire of roughly 200% from present value ranges.

A number of chart options help this bullish prediction. The repeated falling wedge patterns have persistently led to robust upward value motion after breakouts. The market has proven resilience with wholesome corrections fairly than sharp crashes, indicating underlying energy.

Read Also: Stellar (XLM) Turns Bullish as Key Indicator Flashes ‘Buy’ — Here’s the Next Target

Of their evaluation, ZAYK Charts states that “SUI will comply with the identical trajectory” with the “Subsequent Goal will probably be 7$.” The analyst is assured that based mostly on these historic chart patterns, SUI is positioning for one other breakout much like the earlier two cases, doubtlessly pushing the cryptocurrency to new highs.

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