SUI Bulls Target $3.50 After A Breakout From This Key Chart Pattern

In a significant move for the SUI market, bulls have successfully broken out of a key technical chart pattern, setting their sights on the next major resistance level at $3.50. This breakout signals a shift in momentum, as the price action re-establishes a clear upward ￰0￱ Setup Signals Room For Further Upside Crypto VIP Signal, in a recent update on X, highlighted that SUI has sustained its bullish momentum exactly as anticipated, successfully breaking out of the falling wedge ￰1￱ breakout is a strong technical signal often associated with trend reversals, suggesting that the token has shifted from a period of consolidation into a phase of renewed upward ￰2￱ a move indicates that market sentiment is leaning toward optimism, with buyers steadily reclaiming ￰3￱ Reading: 20 Million New SUI Tokens Push Treasury To New High – Details The update further explained that following the breakout, SUI retested the support line, a critical step in confirming the validity of the ￰4￱ this support level firmly not only reinforces the bullish structure but also builds a stronger foundation for future ￰5￱ development underscores the resilience of SUI’s price action, as it demonstrates the ability of the market to absorb selling pressure while maintaining upward ￰6￱ ahead, Crypto VIP Signal pointed to $3.50 as the next key resistance level that traders and investors should keep an eye ￰7￱ this level is broken, it would likely attract more buyers into the market, creating the conditions for SUI to extend its upward trajectory and establish new short-term ￰8￱ Indicators Align For Potential Upside Continuation Adding to the growing bullish outlook for SUI, Gemxbt recently emphasized in a post that the token is showing signs of a strong ￰9￱ analysis revealed that SUI’s price has crossed above both the 5-day and 10-day moving averages, which strengthens the case for continued upward pressure in the near ￰10￱ Reading: SUI Holds The Line: Rounded Bottom Hints At 13% Breakout Setup Resistance is currently positioned near $3.35, a zone that will play a pivotal role in determining whether SUI can maintain its bullish ￰11￱ the downside, strong support is established around $3.20, serving as a safety net in case of short-term ￰12￱ this support will be essential for sustaining market ￰13￱ addition to these key levels, momentum indicators are also aligning with the current bullish ￰14￱ RSI has begun rising from oversold territory, signaling renewed buying interest, while the MACD has confirmed a bullish crossover.

Together, these technical signals suggest that SUI could be gearing up for another upward push, with momentum building toward testing and possibly breaking above the next resistance ￰15￱ image from Adobe Stock, chart from ￰16￱