CandleFocus

SUI Aims for $2 as Buyers Eye Major Fibonacci Breakout

Author: Content Editor
The SUI token has experienced a bullish breakout, surpassing $1 and potentially heading towards $2. It currently has a market cap of $2.95 billion and is trading at $1.10 with a 24-hour price jump of 1.40%. The token has been showing signs of a recovery, with consecutive bullish candles and a surge in buying pressure. The SUI token is trading at a 49% discount from its all-time high price but has experienced a YTD growth of 41.71%. The bullish influence is increasing as the token surpasses the 200-day EMA and shows potential for a golden crossover. A bullish breakout of the 38.20% Fibonacci level could lead to targets at $1.4896 and $1.7492. A bullish recovery could bring the token to the $2 mark, while support is at $1 and the 23.60% Fibonacci level is at $0.8994 in a bearish scenario.

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