SUI At A Crossroads, Can It Break $3.52 And Ignite The Next Surge?

SUI is currently poised at a pivotal crossroads, with its price action revolving around the key resistance level of $3.52. With momentum building, this crucial juncture has captured investors’ attention, as a sustained breakthrough could signal the beginning of a significant upward surge, and failure to do so may indicate a loss of ￰0￱ Maintains Strength At $3.52 With Fresh Gains In a recent post, crypto analyst BitGuru revealed that SUI is demonstrating notable strength in the ￰1￱ the time of the post, SUI was holding firm at the $3.48 level, having already secured a respectable 3.1% gain, a direct result of the asset bouncing back from its recent ￰2￱ Reading: SUI Breakout Structure Builds – Can The Bulls Push Past $3.50?

Bitguru further highlighted that SUI’s momentum is not erratic but steady, signaling that buyers are firmly in control of the price ￰3￱ consistency is a key technical indicator, suggesting that the current upward trend has a solid foundation and is not simply a temporary ￰4￱ ahead, BitGuru emphasized that the next critical point for SUI is the $3.52 resistance level, which SUI has now claimed. Meanwhile, a successful close above this price point is expected to trigger the next significant upward movement for the ￰5￱ breakout would confirm the bullish momentum and reinforce the positive long-term outlook for ￰6￱ In Focus: Can Bulls Secure The Breakout?

CryptoPulse, a prominent analyst, has provided an updated technical analysis of SUI’s price action, highlighting a key bullish ￰7￱ to the post, SUI has successfully broken out of a daily falling wedge pattern on its 12-hour ￰8￱ is a significant event, as a falling wedge breakout typically signals a potential trend reversal from a downtrend to an uptrend, indicating that sellers are losing momentum and buyers are gaining ￰9￱ Reading: SUI Price To $7? Analyst Predicts Altcoin’s Path To New ATH Following the breakout, SUI is now engaged in a crucial retest of the zone that previously served as ￰10￱ a classic “resistance-turned-support” scenario, the price is now testing this former ceiling to confirm it as a new floor, a trend that will likely dictate the asset’s short-term trajectory and confirm the validity of the breakout.

Furthermore, CryptoPulse outlines two distinct scenarios based on the ￰11￱ SUI can successfully hold this new support level, it would validate the breakout and set the stage for a continuation of the upward momentum, with the next potential price targets at $4.00 and $4.40. However, if SUI fails to hold the retest and falls back below this key level, it could trigger a deeper pullback, with the price retracing to the $3.20 area before any potential continuation of the ￰12￱ image from Adobe Stock, chart from ￰13￱