Sui Bullish: $5.20 Near-Term, $8.50 Medium-Term on Breakout
I see Sui as bullish in the near term, projecting a move to $5.20 over the next month if current momentum holds.
If Sui convincingly breaks the nearby resistance zone, technicals support a medium-term run toward $8.50 as buyers reassert control.
I would manage risk with stops under recent support and scale in on confirmation or clear pullbacks rather than chasing the initial spike.
Analysis
Recommendation
Consider entering longs on breakout confirmation or accumulating on weakness with a stop below recent support; size positions conservatively and monitor volume as the primary trigger.
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.