SUI Breakout: $5.20 Short-Term, $8.50 Medium-Term
I see clear bullish potential for SUI: I expect a near-term move to $5.20 within the next month and a medium-term extension toward $8.50 as price clears key resistance layers.
The technical setup supports this outlook — a breakout with rising volume, short- to mid-term moving averages beginning to slope up, and momentum that has room to run before extended overbought readings. I’d watch for a retest of the breakout zone as confirmation.
I’ll manage risk with staged entries and a stop below the most recent support; monitor macro crypto sentiment and on-chain liquidity as they can quickly alter the trajectory.
Analysis
Recommendation
I recommend initiating a buy exposure on confirmation of the breakout or on measured weakness into the breakout zone, using staged entries and a stop below recent support to control risk.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.