bullish

Rally

Cronos

Read

<p>According to analyst Crypto Man, SUI is showing <a href="https://captainaltcoin.com/is-sui-price-getting-ready-for-a-massive-2025/" target="_blank" rel="noopener noreferrer nofollow">promising signs of a bullish move</a> with a well-defined cup-and-handle pattern on its price chart. Crypto Man shared his analysis in a tweet, where he highlighted the structure’s bullish potential and noted the formation of a high-volume bullish candle—a key signal that supports upward momentum.&nbsp;</p>
<p>This classic pattern, known for signaling potential breakouts, could point to a substantial rise for SUI, with the analyst setting a target price of $4. The cup-and-handle pattern has long been regarded as a bullish indicator in technical analysis.&nbsp;</p>
<p>In Crypto Man’s SUI chart, the “cup” shows a rounded consolidation phase followed by an initial rise, then a “handle” marked by a minor pullback. This structure suggests a period of strength following consolidation, providing potential entry points if there’s a breakout.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="624" src="https://captainaltcoin.com/wp-content/uploads/2024/11/UU-1024x624.jpeg" alt="" class="wp-image-580120" srcset="https://captainaltcoin.com/wp-content/uploads/2024/11/UU-1024x624.jpeg 1024w, https://captainaltcoin.com/wp-content/uploads/2024/11/UU-300x183.jpeg 300w, https://captainaltcoin.com/wp-content/uploads/2024/11/UU-768x468.jpeg 768w, https://captainaltcoin.com/wp-content/uploads/2024/11/UU-1536x936.jpeg 1536w, https://captainaltcoin.com/wp-content/uploads/2024/11/UU-2048x1249.jpeg 2048w, https://captainaltcoin.com/wp-content/uploads/2024/11/UU-246x150.jpeg 246w, https://captainaltcoin.com/wp-content/uploads/2024/11/UU-100x61.jpeg 100w, https://captainaltcoin.com/wp-content/uploads/2024/11/UU-574x350.jpeg 574w, https://captainaltcoin.com/wp-content/uploads/2024/11/UU-788x480.jpeg 788w, https://captainaltcoin.com/wp-content/uploads/2024/11/UU.jpeg 1391w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption"><strong><em>Source: <a href="https://x.com/Crypto_Man03/status/1854877333083033689" target="_blank" rel="noopener noreferrer nofollow">Crypto Man</a></em></strong>
 </figcaption>
</figure>
<h2 class="wp-block-heading" id="strong-sui-s-support-levels-and-resistance-zone-observations-strong"><strong>SUI’s Support Levels and Resistance Zone Observations</strong></h2>
<p>SUI’s price action displays strong support around $1.50–$1.60, with multiple tests of this level during the handle formation. This support zone is crucial as it indicates buyer interest, providing a foundation for upward moves.&nbsp;</p>
<p>The resistance level, meanwhile, is located around $2.50. The price has approached this zone severally, and a successful breakout could lead to substantial price gains.</p>
<p>Crypto Man’s analysis also points to a recent bullish candle, which could reduce the likelihood of a deeper correction. As <a href="https://coinmarketcap.com/currencies/sui/" target="_blank" rel="noopener noreferrer nofollow">SUI’s price consolidates</a> within the handle, the potential for breakout from the resistance zone grows, as surpassing $2.50 may lead to higher targets.</p>
<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/heres-why-cronos-cro-crypto-price-is-pumping/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Here’s Why Cronos (CRO) Crypto Price Is Pumping</em></strong></a></p>
<h2 class="wp-block-heading" id="strong-breakout-potential-and-projected-target-strong"><strong>Breakout Potential and Projected Target</strong></h2>
<p>Crypto Man’s target of $4 for SUI aligns with projections from the cup-and-handle pattern. This price target is typically derived by measuring the cup’s depth and applying it from the breakout level. The analyst emphasized that a breakout would confirm the bullish structure and likely lead to <a href="https://www.thecoinrepublic.com/2024/11/08/sui-network-surpasses-ethereum-with-total-transactions-massive-rally-ahead/" target="_blank" rel="noopener noreferrer nofollow">continued upward momentum</a>.</p>
<p>The tweet noted that while a minor dip may still occur, the overall structure remains intact, with a high probability of upward movement. Crypto Man indicated that any short-term pullbacks could serve as prime buying opportunities before a potential breakout above $2.50.</p>
<p><em><strong>Follow us on&nbsp;<a href="https://x.com/CaptainAltcoin_" target="_blank" rel="noopener noreferrer nofollow">X (Twitter)</a>,&nbsp;<a href="https://coinmarketcap.com/community/profile/CaptainAltcoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap&nbsp;</a>and&nbsp;<a href="https://www.binance.com/en/square/profile/captainaltcoin" target="_blank" rel="noopener noreferrer nofollow">Binance Square</a>&nbsp;for more daily crypto updates.<br>Get all our future calls by joining our&nbsp;<a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <span>We recommend eToro</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"><strong>Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. <a href="https://www.etoro.com/customer-service/terms-conditions/trading-restriction/" target="_blank" rel="noopener noreferrer nofollow">Take 2 mins to learn more</a></strong>
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> Visit eToro Now </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy the trades of leading traders, for free. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/this-sui-pattern-signals-potential-price-rally-to-4-analyst-prediction/" rel="noopener noreferrer nofollow">This SUI Pattern Signals Potential Price Rally to $4: Analyst Prediction</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

This SUI Pattern Signals Potential Price Rally to $4: Analyst Prediction

Table of Contents

CaptainAltcoin

Other articles published on Nov 9, 2024

Will Trump or Harris Propel BTC to New Heights?

Visa and FV Bank Debut New Debit and Expense Cards, Bridging Crypto and Fiat Global Payments

SEC Delays Ethereum ETF Decision – What’s Next for ETH?

Standard Chartered Predicts Ethereum and Bitcoin Reach New Price Levels

N3TWORK Studios Redefines Onchain Gaming with Launch of Legendary Heroes Unchained on Base

Bitcoin (BTC) Price Prediction for November 9

Join our free newsletter for daily crypto updates!