Su (Sui) joined 15% on Saturday at $ 4.23, extending its overvoltage for several weeks and surpasses most major cryptocurrencies. The token is now up 13.1% in last week, 28.7% in the last 14 days and 62.3% in the last month, according to Coindesk data.
This decision attracted the renewed attention of crypto traders, analysts signaling the potential of a broader escape.
“Marcus Corvinus” described the configuration as a “break in rupture zone”, noting that the price of sui is in a hurry against resistance to the trend line – a level which has repeatedly capped its recent rallies. He underlined a technical training called an AB = CD model, which reflects symmetrical price movements. Once finished, this model often precedes another higher leg.
Corvinus said that Momentum accumulates quickly and described a series of bullish price targets: $ 5.64 to complete the model, $ 6.70 in “acceleration zone” and $ 8.00 if the rally wins fully. “It’s not just another pump,” he wrote. “This is the beginning of the next explosive leg of Su.”
Another analyst, displaying under the handle “Cryptobull_360”, stressed the importance of a key resistance level that Suis did not allow to break through in previous attempts. He suggested that a decisive movement above this line could open the door to a gathering at $ 7 to 10.
The technical case seems to be supported by commercial data. According to the Technical Analysis Data Model of Coindesk Research, Suis experienced a clear period of accumulation during the day before, followed by a high volume escape above the psychological level of $ 4.00. The volume almost doubled its average 24 hours a day during the overvoltage and the support levels formed at several prices, indicating sustained institutional interest.
With analysts pointing to the cleaning of graphic structures, the acceleration of the momentum and the widening of the targets upwards, all the eyes are now on the fact that SU can deliver the candle in small groups that the merchants were waiting for.
Strengths of technical analysis
- Sui-USD increased by 14% during the 24-hour session of July 25 at 4:00 p.m. UTC on July 26 at 3:00 p.m. UTC, from $ 3.67 to $ 4.18.
- After 16 hours of consolidation between $ 3.65 and $ 4.00, the token broke out above the psychological resistance of $ 4.00 around 4:00 am UTC.
- The negotiation volume increased to 28.8 million during the UTC of 2:00 p.m., or almost double the average of the 24/24 of 14.35 million, confirming a strong purchase interest.
- The short -term key support was formed at $ 3.93, $ 3.98 and $ 4.02 as prices increased.
- In the last 60 minutes of the session, SU has increased by 2%, from $ 4.09 to $ 4.17, with a peaky volume almost 2.96 million.
- The resistance was eliminated at $ 4.10, $ 4.12 and $ 4.15 before a short consolidation of approximately $ 4.16 to $ 4.17.
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