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<p>Crypto analyst CryptoBullet has shared an analysis of <a href="https://captainaltcoin.com/why-is-sui-price-up-this-trader-makes-bold-sui-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">SUI’s price action</a> that points to a positive future for the token. The prediction comes from a possible Cup and Handle pattern on the weekly chart.</p>
<p>This pattern indicates the possibility of a price surge in the coming months. The key levels identified by the analyst could play a crucial role in determining the next price targets for SUI.</p>
<p>CryptoBullet’s analysis identifies a clear Higher Low for SUI, a key element in the development of a Cup &amp; Handle pattern. This formation is considered a bullish reversal signal, with the potential for a breakout once the handle completes.&nbsp;</p>
<p>According to the analyst, the pattern began forming around July 2023, and the recent low in September has set the stage for a potential breakout. The crucial level for SUI to flip is $1, which has been tested several times and serves as a psychological barrier.&nbsp;</p>
<p>Breaking above this level could indicate the start of a sustained upward movement. CryptoBullet emphasizes the importance of this level as a key inflection point for <a href="https://coinmarketcap.com/currencies/sui/" target="_blank" rel="noopener noreferrer nofollow">SUI’s price</a>.</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24SUI&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$SUI</a> 1W chart | Mid Term Perspective<br><br>So, <a href="https://twitter.com/search?q=%24SUI&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$SUI</a> has established a clear Higher Low. This start to look like a giant Cup &amp; Handle <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f440.png" alt="👀" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4cd.png" alt="📍" class="wp-smiley" style="height: 1em; max-height: 1em;"> $1 is the Key Level to flip<br><br>I think sometime in Q4 <a href="https://twitter.com/hashtag/SUI?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#SUI</a> will test the Major Resistance level of $2 and break it <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f3af.png" alt="🎯" class="wp-smiley" style="height: 1em; max-height: 1em;"> TARGET 1 – $5.7 <a href="https://t.co/dB1eSfwvM5" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/dB1eSfwvM5</a></p>— CryptoBullet (@CryptoBullet1) <a href="https://twitter.com/CryptoBullet1/status/1834536337958904244?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 13, 2024</a>
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<h2 class="wp-block-heading" id="strong-sui-price-prediction-strong"><strong>SUI Price Prediction</strong></h2>
<p>Beyond the $1 level, CryptoBullet points out that $2 serves as the next major resistance. This level corresponds to past price action and congestion, making it a barrier for the crypto.&nbsp;</p>
<p>The analyst predicts that SUI could test and potentially break this resistance level in Q4 2024. In addition, the 0.618 Fibonacci retracement level, around $1.30, is highlighted as another potential resistance area before reaching the $2 mark.&nbsp;</p>
<p>A breakout above these levels could further strengthen the <a href="https://www.fxstreet.com/cryptocurrencies/news/sui-outperforms-crypto-market-following-consensus-upgrade-and-launch-of-grayscale-trust-202409130001" target="_blank" rel="noopener noreferrer nofollow">bullish case for SUI</a>. Moreover, CryptoBullet sets an ambitious target of $5.70 for SUI, aligned with the 1.618 Fibonacci extension.&nbsp;</p>
<p>Besides, this projection suggests a substantial price rally from the current level of $1. The analyst anticipates that once SUI clears the $1 and $2 levels, it could begin a strong upward movement, possibly reaching this target during the next major market cycle.</p>
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<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/best-meme-coins-to-buy-now/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Best Meme Coins to Buy Now for Explosive 10x Gains in 2024 and Beyond</em></strong></a></p>
<h2 class="wp-block-heading" id="strong-mid-term-outlook-for-sui-strong"><strong>Mid-Term Outlook for SUI</strong></h2>
<p>The overall mid-term outlook for SUI appears positive, with the potential for price appreciation if the Cup &amp; Handle pattern completes as predicted.&nbsp;</p>
<p>However, the broader market conditions and SUI’s ability to maintain momentum above the key levels will ultimately determine the success of this bullish scenario.</p>
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<p>The post <a href="https://captainaltcoin.com/sui-pattern-signal-imminent-price-surge-expert-predicts-rally-to-5-7/" rel="noopener noreferrer nofollow">SUI Pattern Signal Imminent Price Surge: Expert Predicts Rally to $5.7</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

SUI Pattern Signal Imminent Price Surge: Expert Predicts Rally to $5.7

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