bullish

<p>Crypto analyst Gnojek shared on X that <a href="https://captainaltcoin.com/sui-price-chart-shows-bullish-momentum-analysis-points-to-double-digit-target/" target="_blank" rel="noopener noreferrer nofollow">SUI’s price</a> is “on its way to ~$5.00 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;">” as it approaches key resistance levels. The statement is supported by a detailed analysis of the SUI chart, which reveals bullish trends, strong support levels, and Fibonacci-based price targets. Here’s a closer look at the technical aspects signaling a potential surge.</p>
<h2 class="wp-block-heading" id="sui-chart-analysis-strong-bullish-momentum-and-breakout">SUI Chart Analysis: Strong Bullish Momentum and Breakout</h2>
<p><a href="https://captainaltcoin.com/metrics-show-sui-is-better-than-solana-heres-when-sui-price-could-see-more-upside/" target="_blank" rel="noopener noreferrer nofollow">SUI</a> has demonstrated a substantial upward trend, breaking out from a prior downtrend marked by a diagonal resistance line. The price shot up along with lots of people buying. Right now it’s trading around $3.81, pushing past the previous resistance level at the 1.618 Fibonacci extension mark.</p>
<p>The SUI price keeps climbing steadily, taking small breaks along the way. This usually means the upward trend will keep going, according to market watchers.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/bonk-price-pumps-following-major-exchange-listing-leading-solana-meme-coin/" target="_blank" rel="noopener noreferrer nofollow">BONK Price Pumps Following Major Exchange Listing – Leading Solana Meme Coin?</a></em></strong></p>
<p>Moreover, the SUI chart incorporates Fibonacci retracement and extension levels, which provide key insights into potential price movements. During its rally, SUI’s price broke through the 1.618 Fibonacci extension level at $3.22. The next target, aligned with the 2.618 extension level, points to $5.00, as highlighted by the analyst’s tweet.</p>
<p>Support zones have also been well-defined, with the $1.68–$2.00 range coinciding with the 0.618–0.786 retracement levels. This zone provided a strong foundation during the token’s recent consolidation, supporting its recovery and subsequent upward movement.</p>
<figure class="wp-block-image aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="610" src="https://captainaltcoin.com/wp-content/uploads/2024/11/image-677-1024x610.png" alt="" class="wp-image-584992" srcset="https://captainaltcoin.com/wp-content/uploads/2024/11/image-677-1024x610.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-677-300x179.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-677-767x457.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-677-1536x915.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-677-2048x1220.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-677-252x150.png 252w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-677-100x60.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-677-588x350.png 588w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-677-788x469.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-677.png 680w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption"><strong><em>Image Source: <a href="https://x.com/CryptoGnojek/status/1859099080611217492" target="_blank" rel="noopener noreferrer nofollow">X/Gnojek</a></em></strong>
 </figcaption>
</figure>
<h2 class="wp-block-heading" id="key-resistance-levels-to-watch">Key Resistance Levels to Watch</h2>
<p>While SUI continues to gain traction, resistance levels play a crucial role in determining the rally’s trajectory. The 1.618 extension level, now acting as support, is critical for maintaining bullish momentum. If this level holds, the token is likely to test the 2.618 level near $5.00, aligning with the bullish projection shared on social media.</p>
<p>Gnojek’s tweet underscores the bullish outlook, highlighting confidence in SUI’s path toward $5.00. The use of Fibonacci-based targets and the accompanying chart analysis provide further evidence supporting this projection. As <a href="https://coinmarketcap.com/currencies/sui/" target="_blank" rel="noopener noreferrer nofollow">SUI’s price</a> continues its upward trend, market participants remain focused on key levels to gauge its next move.</p>
<p><em><strong>Follow us on <a href="https://x.com/CaptainAltcoin_" target="_blank" rel="noopener noreferrer nofollow">X (Twitter)</a>, <a href="https://coinmarketcap.com/community/profile/CaptainAltcoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap </a>and <a href="https://www.binance.com/en/square/profile/captainaltcoin" target="_blank" rel="noopener noreferrer nofollow">Binance Square</a> for more daily crypto updates.<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
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<p>The post <a href="https://captainaltcoin.com/this-analyst-predicts-sui-price-will-surge-to-5-soon-heres-why/" rel="noopener noreferrer nofollow">This Analyst Predicts SUI Price Will Surge to $5 Soon – Here’s Why</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

This Analyst Predicts SUI Price Will Surge to $5 Soon – Here’s Why

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