SUI Breakout: Cup-and-Handle Dey Target $4.20 After 35% Rally
SUI price don jump 35% for the past month and rally 12% inside one week after AI model flag small cup-and-handle breakout wey dey target $4.20. After Bitcoin hit im highest, SUI go up $3.91 with trading volume up 192% to $2.76 billion and market cap at $13.45 billion. The token dey trade pass important EMAs and get RSI of 72, wey mean strong momentum and e fit get small pullback. Key resistance dey at $4.00, support zones dey for $3.50–3.60 and EMA cluster around $3.03–3.16. Institutional backing from VanEck and Lion Group dey support proper demand. If e move pass $4, e fit push SUI go $6–8. Ninety-day forecast dey range from 54–105% bull case to consolidation for $3.50–3.60 and bear case correction to $2.80–3.00.
Bullish
Strong volume growth, institutional backing plus clear cup-and-handle breakout dey show say SUI get bullish momentum both for short and long term. Key technical indicators like RSI at 72, EMAs alignment, and confirmed resistance at $4.00 with support zones suggest say e get high chance to move up once e clear the barrier. Even though overbought RSI fit cause small pullback, the 90-day forecasts for bull case dey see up to 105% upside, supported by steady demand from VanEck and Lion Group.