Sui price is starting to turn heads again after crypto expert BATMAN shared a chart on X displaying a acquainted sample establishing. In accordance with him, the token has simply tapped a key trendline for the third time, and in buying and selling circles, that’s typically the place issues get fascinating. Often called the “third contact” or “triple faucet,” this sample tends to mark a potential turning level, particularly when the stage has held up earlier than.
At writing, SUI is buying and selling round $2.98. The weekly chart exhibits the SUI bouncing off a lengthy-time period rising trendline that’s been in play since August 2024. That trendline held sturdy throughout two earlier dips, one in October and one other in April, and it simply acquired examined once more in June. To this point, consumers have stepped in every time.
There’s additionally a key horizontal zone between $1.80 and $2.30 that’s price maintaining a tally of. It acted as resistance late final yr earlier than flipping into assist earlier this yr. With SUI price holding above both that zone and the rising trendline, merchants are actually watching intently to see if this setup results in a breakout in the coming weeks.
SUI Price Bullish and Bearish Eventualities
If the present bounce continues, the first value targets could be in the $3.50 to $4.00 space, the place there are earlier weekly highs.
The chart provides us a attainable method increased if consumers are nonetheless enthusiastic about coming in at present ranges. This would verify the ascending trendline and add energy to the bullish case on the weekly chart.
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Nonetheless, if SUI value breaks under $2.20 and closes under the trendline, this construction can be invalidated. In that case, a transfer towards $1.50 or decrease could be attainable, with the potential to shift sentiment extra broadly.
Furthermore, BATMAN described the setup as “stable,” mentioning the triple interplay with the trendline and referring to the saying “third time’s the appeal.” His put up has sparked curiosity amongst SUI holders and merchants trying for lengthy setups on increased timeframes.
As all the time, market path will depend on confirmation through SUI price action and trading quantity in the classes forward. Merchants proceed to watch the construction for both a sustained bounce or a breakdown from the key stage.
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