SUI Breakout Setup: Rounded Bottom Hints at 13% Rally
Technical analysts spot a rounded bottom in SUI’s price near the $3.50–$3.60 support zone. Gemxbt’s 1-hour chart shows a 5MA/10MA bullish cross and an RSI at neutral 50. The MACD recently generated a bullish crossover. These signals fuel a SUI breakout setup targeting a 13% rally to $4.60. Yet, low volume may delay confirmation. A decisive move above $3.70 would validate the SUI breakout thesis and open the path to higher targets. Traders should monitor volume spikes and price action at key levels to confirm momentum.
Bullish
Technical indicators on SUI’s charts suggest bullish momentum is building. The 5MA/10MA crossover and MACD bullish cross mirror previous instances where SUI launched upward after similar setups. A rounded bottom around the $3.50–$3.60 support zone indicates strong demand, reducing downside risk. If volume increases and the price reclaims $3.70, traders are likely to enter long positions, fueling a 13% rally toward $4.60. In the short term, this could boost trading activity and liquidity. Long term, a validated breakout would strengthen confidence in SUI’s trend, possibly attracting more institutional interest.