🔥 $SUI — Is the 5-Month Rounded Bottom Finally Ready to Break Out?
After spending months building a rounded-bottom structure from the $0.65 area, SUI is now approaching a critical technical zone.
📌 Key Resistance / Neckline: $1.18–$1.35
The setup is starting to look increasingly bullish:
✅ Price has reclaimed the 200 EMA
✅ Trend indicator remainjs bullish
✅ Price is testing the neckline resistance
✅ Money Flow is recovering from extreme levels
✅ The rounded-bottom structure remains intact
🚀 Breakout Confirmation:
A clean daily breakout and hold above $1.35 could confirm the neckline breakout and potentially open the path toward the $1.83 technical target.
⚠️ Until $1.35 is decisively broken, SUI is still facing major resistance.
🔻 Key invalidation: Below the $1.18 neckline area.
Watch the breakout closely. A confirmed move could trigger the next major leg higher. 📈🔥
#SUI #Crypto #Altcoins #SUIUSDT #Breakout #Bullish
After spending months building a rounded-bottom structure from the $0.65 area, SUI is now approaching a critical technical zone.
📌 Key Resistance / Neckline: $1.18–$1.35
The setup is starting to look increasingly bullish:
✅ Price has reclaimed the 200 EMA
✅ Trend indicator remainjs bullish
✅ Price is testing the neckline resistance
✅ Money Flow is recovering from extreme levels
✅ The rounded-bottom structure remains intact
🚀 Breakout Confirmation:
A clean daily breakout and hold above $1.35 could confirm the neckline breakout and potentially open the path toward the $1.83 technical target.
⚠️ Until $1.35 is decisively broken, SUI is still facing major resistance.
🔻 Key invalidation: Below the $1.18 neckline area.
Watch the breakout closely. A confirmed move could trigger the next major leg higher. 📈🔥
#SUI #Crypto #Altcoins #SUIUSDT #Breakout #Bullish
