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The cryptocurrency market has seen another substantial resurgence in the past 24 hours, with SUI among the top performers.<\/p>\n
The asset has drawn bullish forecasts, with some projecting a short-term rise to $1.40, while others have made more optimistic bets.<\/p>\n
As of this writing, SUI trades around the $1 psychological mark (according to CoinGecko), up 17% in the past day. In fact, this is the highest the price has reached in the past four months, with the token’s market capitalization surging past $4 billion.<\/p>\n
The renowned analyst Ali Martinez spotted<\/a> three bullish factors that could support an additional rally. First, he noted that the Tom DeMark Sequential indicator printed a 13th buy signal in late July. Since then, SUI has jumped by 45%, showing that the initial reversal signal has already gained traction. Next on his list is the SuperTrend indicator, which also flipped to “buy.”<\/p>\n “This suggests the rally could extend into a broader macro shift from bearish to bullish momentum,” he said.<\/p>\n<\/blockquote>\n The analyst’s next element is the Parabolic SAR, which could also print a buy signal this week. Martinez estimated that if SUI rises above $0.98 (as it happened), the SAR dot would move below price, thereby confirming an uptrend and potentially acting as dynamic support.<\/p>\n Last but not least, he claimed that the asset appears to be trading within a parallel channel on the weekly chart. He said the structure’s mid-range at nearly $1.03 is the immediate upside target, and a break above would put the upper boundary at $1.40 in focus.<\/p>\n This isn’t the first time Martinez has touched on SUI this month. In mid-September, he said<\/a> the token’s TD Sequential indicator printed a buy signal on the 12-hour chart, noting that such a formation has been “remarkably accurate at identifying major trend shifts.”<\/p>\n X user Ucan_Coin paid<\/a> special attention to the $0.9725 area, the top of the range that had held for months. The analyst believes that if this level starts acting as support, the setup has a solid base for a move higher.<\/p>\n “Structurally, we\u2019re seeing higher lows and higher highs forming, which could mean the trend is changing. Above, $1.0370 is the first target, followed by $1.1637 and then the $1.38 area. These levels mark areas where price reacted before. They weren\u2019t drawn randomly,” they claimed.<\/p>\n<\/blockquote>\n At the same time, the market observer warned that a drop below $0.9725 would weaken the structure and could hand bears back control.<\/p>\n Captain Faibik and Mikybull Crypto also weighed in, and both stand firmly in the bulls’ corner. The former envisioned<\/a> a potential jump above $3 in the coming months, while the latter predicted<\/a> a price explosion to $15.<\/p>\n The post Sui (SUI) Hits a 4-Month High: 3 Reasons Why It Can Pump Even More<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n\n\n
More Predictions<\/h2>\n
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