Crypto expert Mags has predicted that SUI’s price could reach $10 or more. Mags shared an analysis on X (formerly Twitter) that shows upward price movements and positive market signals backing up this prediction.
What you'll learn 👉
SUI Technical Analysis: Strong Price Trends Signal Bullish Momentum
The SUI price chart reveals a promising recovery after a sharp decline in May 2023. Following this drop, the token entered a consolidation phase, establishing a strong foundation for an upward breakout. A long-term trendline, drawn to connect key price points, acts as dynamic support for the ongoing rally.
Since late 2023, SUI has consistently respected this trendline, with its price creating higher highs and higher lows—classic indicators of a robust bullish trend. Recent consolidation around the $4-$5 range marks a key support zone, further strengthening the price structure as SUI continues its climb.
Bullish Sentiment Supported by Projections
The optimistic sentiment surrounding SUI aligns with the price projection depicted in the chart analysis. A projected parabolic move suggests accelerated upward momentum, with the token potentially surpassing $10 in the near term.
Mags amplifies this outlook, reinforcing the belief that SUI’s technical structure supports significant gains. The analyst’s assertion that SUI’s price is “programmed for double digits” has captured the attention of both traders and investors eager to capitalize on the anticipated growth.
Read Also: Litecoin Bulls Take Charge as LTC Price Rally Gains Momentum
Moreover, the steep incline in the chart’s latter stages reflects growing buyer demand for SUI. Although volume data is not visible on the chart, the magnitude of the price movement implies strong market participation. Traders appear to be responding positively to the technical signals and the broader market sentiment surrounding the token.
Key Risks for Traders to Watch
While the outlook for SUI’s price remains bullish, risks remain. A break below the long-term trendline could invalidate the upward trajectory, leading to a potential re-test of the $4 support level. Furthermore, parabolic moves, while promising in the short term, often experience pullbacks as the market corrects.
Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
Get all our future calls by joining our FREE Telegram group.
We recommend eToro
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
