Can SUI’s Bullish Surge Defy Gravity? 🚀

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In the world of cryptocurrencies, where bears and bulls coexist,

SUI
$3.17

24h volatility:
0.9%

Market cap:
$9.80 B

Vol. 24h:
$1.22 B

has been making waves. The SUI price trend has broken free from its bearish chains, boasting a 3.85% intraday recovery.

As the SUI token dances above its psychological $2 mark, the question remains: will it continue its ascent to $3.65, a 15% surge? Let’s delve into our analysis.

A Sideways SUI Price Action: A Hidden Bullish Blessing?

In the 4-hour chart, the SUI price trend is held captive between two critical zones. The resistance ceiling looms above at $3.63 to $3.67, while the demand zone lingers near the $3 psychological mark.

The altcoin has completed a negative flow within these two zones, confined within a parallel channel. However, the recent bounce-back from the psychological support has surpassed the resistance trendline, hinting at a breakout rally.

The reversal rally has already surged by nearly 7%, challenging the 23.6% Fibonacci level. A successful breakout above this level could trigger a rapid ascent, with reduced resistance until the $3.65 mark.

The Fibonacci resistance is priced at $3.81. As the SUI price trend regains bullish momentum, the technical indicators are starting to flash buy signals.

The MACD and signal lines are on the verge of a positive crossover, signaling a trend reversal. Furthermore, the Directional Movement Index (DMI) reveals the VI lines closing in, indicating a potential chance of regaining the bullish alignment.

Bulls’ Hopes Soar as SUI Network Strengthens 💪

Supporting the bullish reversal, the SUI network has witnessed a significant recovery. The SUI total addresses have surpassed the 56 billion mark, while the network has flipped the base ecosystem in daily active indices.

The decentralized exchange volume over the SUI network has reached $61 billion, marking a significant recovery of nearly 20% over the past month.

With such an impressive performance during a highly volatile period, the market price of the SUI token is poised for liftoff once the broader market stabilizes.

SUI Price Predictions: How High Can It Go? 📈

Based on the Fibonacci levels, a bullish continuation above the 23.6% Fibonacci level will likely challenge the overhead supply zone at $3.65, representing an upside potential of nearly 15%.

Optimistically, a bullish

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2025-02-19 17:17