CandleFocus Will a Flag Breakout Rally Boost SUI by 52% to Hit $3.112?
2024-10-30
Author: Content Editor
The article discusses the possibility of SUI reaching $3 after a pullback phase and a potential flag breakout rally. SUI has been the top performer among the top 100 coins, with a 12.89% increase in the past 24 hours and a current trading price of $2.08. The recent pullback saw a decline of nearly 32%, but SUI has since recovered and surpassed the $2 mark. Technical indicators suggest a bullish trend, and the 4-hour RSI is nearing the overbought zone. The article mentions key EMA crossovers and Fibonacci levels that could indicate potential price movements. The target for the bull run is $3.1125, but there is a crucial resistance at $2.79. Reaching $3 would result in a 52.4% gain from SUI's current price.
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