$SUI is pressing right up against the descending trendline and it's looking ready to pop.
If we get a breakout here, the first target sits around $4.30.
The structure is clean, the squeeze is tight, and the move looks imminent. Definitely one to keep a close eye on. 👀💥
These is my current playbook for $SUI.
3.26 is a long imo.
3.18 is a double down.
3.75 ish is a 6 month diagonal resistance (2) on the weekly, decent TP target + short entry.
Imo a touch of 3.75 holds one more rejection, maybe a consolidation back to current 3.56 - 3.45$
$SUI / HTF Channel Structure
SUI continues to trade within a well-defined ascending channel, respecting both the upper and lower bounds since mid-2023.
Price has recently reclaimed the midline (mean reversion level) a sign of strength and trend continuation following a clean
$SUI prediction and 5 Sui giveaway.
Currently trading around $3.40, with an all-time high of $5.30.
In the November 2024 rally, it broke its previous ATH and gained over 170%, followed by a 70% correction.
It has since broken out again and is now heading back toward that ATH
BITCOIN DOMINANCE BEARISH CROSS HAS HAPPENED 🚨
IN 2017, ALTCOIN MCAP PUMPED 70X AFTER BEARISH CROSS.
IN 2021, ALTCOIN MCAP PUMPED 5X AFTER BEARISH CROSS.
GET READY FOR ALTSEASON 3.0 NOW 🚀
THE BITCOIN DATA NEVER LIES.
September has wrecked $BTC holders every single cycle.
Bleeds, fake pumps, exhaustion.
And then comes October.
The month of rebounds.
Legends buy the dip. Tourists buy the top.
Survive September. Thrive in October.