SUI/USDT has successfully broken out of a major triangle consolidation pattern. The breakout pattern suggests SUI could experience significant upside momentum, especially if it maintains above the triangle's upper boundary. This technical setup aligns well with a medium-term bullish outlook.
Key Technical Points:
Triangle pattern breakout confirmed with strong momentum
Price cleared the upper resistance trendline decisively
RSI showing recovery from oversold conditions
Multiple VWAP levels providing support structure
Price Targets:
First resistance: $4.20 (red shaded zone)
Extended target: $6.50+ following the projected path
Trade Setup:
Entry: Current levels (agressive) or on a pullback to the triangle (conservative)
Stop loss: Below $3.30 VWAP-90 Support
Key Technical Points:
Triangle pattern breakout confirmed with strong momentum
Price cleared the upper resistance trendline decisively
RSI showing recovery from oversold conditions
Multiple VWAP levels providing support structure
Price Targets:
First resistance: $4.20 (red shaded zone)
Extended target: $6.50+ following the projected path
Trade Setup:
Entry: Current levels (agressive) or on a pullback to the triangle (conservative)
Stop loss: Below $3.30 VWAP-90 Support
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Find top crypto tokens with sector indices, AI-powered sentiment analysis & news summaries.
tokenradar.ai/tv
tokenradar.ai/tv
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.