SUI Price Jus Pass Di 20-Day MA As E Breakout Momentum Sharp
SUI price don jump over 20% dis week, e climb from $2.94 reach $3.52 as e break pass im 5-, 10- and 20-day moving averages with volume wey dey increase. Di token dey test key resistance around $3.60, di upper boundary of symmetrical triangle. On-chain data show say higher lows don dey since February plus trendline wey dey around $1.92. Fibonacci retracements show support for $2.82, $3.18 and floor for $2.60. Short-term indicators beta: RSI dey near overbought area but MACD lines dey widen, confirm say momentum dey accelerate. Chart patterns include completed bullish flag for three-day chart and falling wedge wey get target for $3.20 and $3.51. Catalysts like Threshold Network’s tBTC launch on Sui (wey add Bitcoin liquidity) plus better Grayscale report dey support di rally. But as token unlock dey come soon and head-and-shoulders pattern dey form, e fit cause wahala. Traders suppose dey observe SUI price, volume and candle closes wey dey above $3.60, key support at $2.88 and $3.18, plus monitor RSI and MACD signals along with supply events.
Bullish
Di combined update dem show say SUI get strong bullish momentum. When e break pass di 5-, 10- and 20-day moving averages wey get rising volume and e test di upper boundary of symmetrical triangle, e mean say fit get sustained breakout. On-chain higher lows, Fibonacci support levels plus positive catalysts like tBTC launch and Grayscale report still dey boost confidence. Short-term indicators like RSI wey near overbought and MACD wey dey widen confirm di momentum but dem warn say possible pullback fit happen. Chart patterns (bullish flag, falling wedge) dey point to targets of $3.20–$3.51, but token unlock wey dey come and head-and-shoulders formation fit cause volatility risk. Overall, di news show bullish outlook for short term—where traders suppose dey watch volume and closing prices wey dey above $3.60—and medium term as fundamental and technical factors still dey supportive.