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<p>The SUI price was hit by the current market dip, experiencing an 8% plunge in the last 24 hours and currently trading around $3.8.</p>
<p>Popular crypto trader “Team LAMBO” recently shared a viral SUI chart with his 32,000 followers on X, sparking interest in the cryptocurrency’s potential price movement. He predicted <a href="https://captainaltcoin.com/how-many-sui-tokens-could-make-you-a-millionaire-a-realistic-sui-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">the price to pump</a> from the current levels.</p>
<h2 class="wp-block-heading" id="sui-price-analysis">SUI Price Analysis</h2>
<p>The SUI chart reveals an intriguing technical setup that suggests a potential bullish reversal. A significant downtrend line has been broken, indicating a shift in market momentum. After breaking through this key resistance, the SUI price retraced and tested the previous resistance line, which has now transformed into a support zone.</p>
<figure class="wp-block-image aligncenter size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="586" src="https://captainaltcoin.com/wp-content/uploads/2024/12/image-417-1024x586.png" alt="" class="wp-image-596200" style="width: 100%;height:auto" srcset="https://captainaltcoin.com/wp-content/uploads/2024/12/image-417-1024x586.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-417-300x172.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-417-767x439.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-417-1536x880.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-417-2048x1173.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-417-262x150.png 262w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-417-100x57.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-417-611x350.png 611w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-417-788x451.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-417.png 1898w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption"><em><strong>Source: X/<a href="https://x.com/TehLamboX/status/1866382413183791449" target="_blank" rel="noopener noreferrer nofollow">@TehLamboX</a></strong></em>
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<p>The critical support area is located around the $3.5 level, marked by a blue circle that intersects with the newly established trendline. This zone represents a crucial validation point for potential continued bullish momentum. Currently trading at $3.8, the SUI price sits comfortably above this support area, which aligns with a cautiously optimistic market sentiment.</p>
<p>The technical analysis highlights several key observations.<a href="https://www.babypips.com/forexpedia/descending-trend-line#:~:text=A%20descending%20trend%20line%20is,lower%20than%20the%20previous%20low." target="_blank" rel="noopener noreferrer nofollow"> A descending trendline</a> that previously capped price movement has been decisively broken, with the price showing a clean breakout pattern. The retest of this line provides additional confidence to traders watching the cryptocurrency’s price action.</p>
<p>The trader’s analysis suggests a potential move towards $5, which appears to be a logical short-term target based on the current chart setup. He noted <em>“Breakout and retest done! Time for 5$ now.”</em></p>
<p>However, it’s important to note that the bullish scenario depends on maintaining support above the $3.5 level. A failure to hold this support could potentially invalidate the breakout and lead to further price consolidation or decline.</p>
<p><em><strong>Read also: <a href="https://captainaltcoin.com/beyond-cardano-and-kaspa-best-cheap-altcoins-under-1-with-1000x-potential/" target="_blank" rel="noopener noreferrer nofollow">Beyond Cardano and Kaspa: Best Cheap Altcoins Under $1 With 1000x Potential</a></strong></em></p>
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<p>The post <a href="https://captainaltcoin.com/this-trader-predicts-sui-price-to-pump-its-time-for-5-now/" rel="noopener noreferrer nofollow">This Trader Predicts SUI Price to Pump – ‘It’s Time for $5 Now’</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

This Trader Predicts SUI Price to Pump – ‘It’s Time for $5 Now’

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