SUI Shows Potential for Rally Toward $3.89 Following Bullish Pattern Breakout
The post SUI Shows Potential for Rally Toward $3.89 Following Bullish Pattern Breakout appeared on BitcoinEthereumNews.com.
SUI’s recent breakout from an inverse head-and-shoulders pattern signals a potential bullish rally toward $3.89, marking a significant technical milestone. The altcoin’s price momentum is supported by key moving averages and a rising RSI, reflecting renewed investor confidence amid Bitcoin’s record highs. According to COINOTAG analysis, maintaining support above the 50-day SMA is critical for SUI’s continued upward trajectory, with the neckline acting as a pivotal support level. SUI’s breakout from a bullish pattern suggests a rally to $3.89, supported by strong technical indicators and Bitcoin’s positive market influence. ‘, ‘ 🚀 Advanced Trading Tools Await You!Maximize your potential. Join now and start trading! ‘, ‘ 📈 Professional Trading PlatformLeverage advanced tools and a wide range of coins to boost your investments. Sign up now! ‘ ]; var adplace = document.getElementById(“ads-bitget”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex; adplace.innerHTML = adscodesBitget[adsindex]; sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBitget”, sessperindex); } })(); SUI Technical Analysis: Breakout and Price Targets The recent price action of SUI demonstrates a decisive breakout above the inverse head-and-shoulders pattern, a classic bullish reversal signal. After rebounding sharply from the 20-day exponential moving average (EMA) at $2.92, SUI surpassed the 50-day simple moving average (SMA) at $3.08, confirming the breakout. This movement is significant as the 20-day EMA is beginning to slope upwards, and the relative strength index (RSI) has entered positive territory, indicating growing buying pressure. Should the bulls sustain the price above the 50-day SMA, technical projections suggest a climb to $3.55 in the near term. The pattern target, derived from the inverse head-and-shoulders formation, points to a potential rally reaching $3.89. This target aligns with the momentum indicators and moving averages, reinforcing the bullish outlook. ‘, ‘…
Filed under: News - @ July 11, 2025 12:28 am