CandleFocus Will SUI Breakout Fuel a 50% Rally to $3 This October?
2024-10-07
Author: Content Editor
The article discusses the bullish trend of SUI, a cryptocurrency, and speculates on the possibility of a breakout rally. The price of SUI has been gradually increasing and has experienced a 327% surge since August. The article analyzes the price movements on both the daily and 4-hour charts, noting positive indicators such as consecutive bullish candles and a reclaiming of bullish alignment by the 50, 100, and 200-day EMAs. The article mentions that SUI is approaching a neckline of a rounding bottom pattern, which, if broken, could lead to a potential 50% increase to the $3 mark. An extended rally in October could even result in a price target of $4.58.
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