A year ago, traders were chasing $SUI above $4.
Now it's trading around $0.98, sitting right above a major historical demand zone.
Funny how quickly sentiment changes.
I've been watching this weekly structure
and I think the next few months could be very interesting.
My upside targets:
$2.00 - first major resistance
$4.43 - previous cycle resistance
$5.36 - major breakout level
And if $SUI enters another strong bullish cycle
$7.50+ is my aggressive scenario.
That's roughly +660% from current levels.
Of course, the support zone needs to hold.
A breakdown would change the entire picture.
But here's what I've learned from crypto:
the best opportunities rarely feel comfortable.
Would you accumulate $SUI below $1 or wait until everyone starts buying again at $3?
Now it's trading around $0.98, sitting right above a major historical demand zone.
Funny how quickly sentiment changes.
I've been watching this weekly structure
and I think the next few months could be very interesting.
My upside targets:
$2.00 - first major resistance
$4.43 - previous cycle resistance
$5.36 - major breakout level
And if $SUI enters another strong bullish cycle
$7.50+ is my aggressive scenario.
That's roughly +660% from current levels.
Of course, the support zone needs to hold.
A breakdown would change the entire picture.
But here's what I've learned from crypto:
the best opportunities rarely feel comfortable.
Would you accumulate $SUI below $1 or wait until everyone starts buying again at $3?