SUI is drawing new curiosity from merchants as two distinguished analysts spotlight bullish setups that might push the token towards the $7 mark.
Sui price is trading near $3.60, continues to maneuver inside a robust technical construction, displaying indicators of consolidation earlier than a potential breakout.
Each Crypto King and James Easton shared their insights on X (previously Twitter), pointing to clear chart formations that align with an optimistic value outlook for SUI.
SUI Maintains Momentum Inside an Uptrend Channel
Crypto King posted that “$SUI is transferring robust inside a clear uptrend channel”, indicating that the token stays in a wholesome upward trajectory.
The SUI chart he shared exhibits a well-defined channel stretching again to late 2023, with greater highs and better lows confirming the ongoing pattern.
SUI price has already tested the upper boundary of the channel twice, first close to $5.47 and now approaching the higher rail once more.
A quick pullback towards the median line, round the mid-$6 vary, might reset momentum earlier than one other try to achieve the channel’s prime close to $7.0-$7.7.
Analysts view this vary as the subsequent key resistance zone. A weekly shut above it will strengthen the bullish construction and will pave the means for new highs.
Help Ranges to Watch for SUI
The uptrend stays intact so long as SUI holds above its dynamic helps. The median line close to $6.0-$6.5 has acted as a mushy flooring throughout earlier corrections, whereas deeper assist lies between $4.0–$4.5.
Any weekly shut beneath the decrease boundary of the channel would weaken the bullish pattern, however for now, patrons look like firmly in management.
James Easton shared one other perspective, posting that merchants who “nonetheless overlook the monumental run that $SUI is about to go on” could also be overlooking a massive symmetrical triangle on the each day chart.
The formation stretches from late 2024, displaying decrease highs and better lows-a typical signal of compression earlier than a breakout. The higher resistance of this triangle sits round $3.8-$3.9, whereas assist varieties close to $3.2–$3.3.
A each day shut above the higher boundary might verify an upside breakout, projecting a measured goal between $6.5 and $7.0, completely consistent with the channel projection from Crypto King’s evaluation.
Learn Additionally: $3.9 Billion Worth of Tokens To Be Unlocked in October – $ASTER, $SUI, and More
Outlook for SUI
Each SUI chart setups, an increasing uptrend channel and a tightening symmetrical triangle, level to a bullish technical panorama for SUI.
Merchants at the moment are watching whether or not SUI price can break above $3.9 and maintain momentum towards the $7 zone, which stays the subsequent main value milestone for the venture.
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