$SUI price analysis
Sui (SUI) has been in an uptrend for the past several days, but the bears are trying to halt the rally at $1.50.
The SUI/USDT pair has formed a rounding bottom pattern, which will complete on a break and close above $1.50. If that happens, the bullish momentum could pick up, and the pair may rally toward $2. The pattern target of the positive setup is $2.64.
However, the bears are likely to have other plans. They will fiercely protect the $1.50 level and attempt to pull the price to the 20-day EMA ($1.18). If the price rebounds off the 20-day EMA with strength, the likelihood of a rally above $1.50 increases. On the other hand, a break below the 20-day EMA could open the doors for a decline to the 50-day SMA ($0.92).
