SUI Retests Key Level: Here’s Why Experts Are Predicting a Major Uptick—Find Out the Next Price Target

Sui (SUI), a novel blockchain platform, has lately exhibited notable strength and bullish price action. Top analysts and traders have taken notice of SUI’s performance, fueling optimism about its potential for significant gains in the near future.

Retest Fuels Bullish Sentiment

Michaël van de Poppe, a cryptocurrency analyst and trader, expressed his bullish stance on SUI’s price trajectory. In a tweet, he stated, “Honestly, $SUI has a great chart here. Retests the previous breakout level at 2100 sats and provides a strong bounce. I think that this one will continue showing strength in the coming period.”

Besides, Sjuul, a top crypto analyst, echoed a similar sentiment, tweeting, “$SUI is on the move. I am really looking forward to some price discovery vibes. Just updated the chart with my targets!”

Explosion in Meme Coin Market; How to find potential successors to $WIF, $PEPE, and $BONK?🤫

The key? Getting in early, especially during the ICO phase. Check out NuggetRush today! This new memecoin combines play-to-earn gaming with authentic gold mining ventures. Seize the opportunity with ongoing presale prices! Plus, prepare for $NUGX’s upcoming launch on major exchanges.

Show more +

Bullish Structure and Pivotal Support

According to Sjuul’s analysis, SUI’s chart exhibits a clear bullish structure characterized by “higher lows,” suggesting sustained buying pressure and positive market sentiment. Additionally, the chart highlights a macro support/resistance level that has acted as a pivotal point for SUI’s price action.

Moreover, Sjuul from AltCryptoGems has outlined three specific price targets for SUI, indicating the potential for substantial gains from its current level. The first target is set just above $2.00, followed by a second target around $2.40, and an ambitious third target near the $3.00 mark, which would propel SUI into uncharted territory.

Earlier Bullish Signals

In a previous tweet on March 19th, Sjuul had already highlighted SUI’s strong relative strength compared to the rest of the market, noting its “very clear bullish structure, higher lows, and the macro support level.” This early observation further reinforces the analysts’ confidence in SUI’s bullish potential.

According to the latest price information from CoinGecko, the price of Sui (SUI) is currently $1.90, representing a 20.06% increase in the last 24 hours and a 23.62% surge over the past 7 days. This noteworthy price performance aligns with the analysts’ assessments and provides a solid foundation for the projected upward trajectory.

You may also be interested in:

Check NuggetRush ($NUGX)

Sponsored: Invest Responsibly, Do Your Own Research.
Being in its ICO stage, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices
A unique play-to-earn gaming platform in the memecoin market
The platform combines artisanal and gold mining with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience
Fosters a strong community by encouraging physical meetups among members
NFT Integration with Prominent Characters
intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.

Tags:

Samuel Munene
Samuel Munene

Samuel is a vesatile and seasoned content editor with a sharp eye for detail and a passion for writing. Web3 techonology is the future! With massive experience in the publishing industry, I specialize in refining and enhancing written material to ensure clarity, coherence, and engaging narratives.

CaptainAltcoin
Logo