A lot of people are asking whether $SUI can reach $7. Let’s map out the price action on the weekly timeframe.
The coin has fallen from a high of 5.37, with a maximum decline of nearly 88%. Whether it can rebound and recover will depend largely on whether it can hold support in the 0.60–0.75 range.
For the trend to turn bullish, the first hurdle is the 1.30–1.45 range, followed by a push toward 1.80–2.05. The bullish case will only truly be established once the price decisively breaks above the descending trendline resistance.
The next resistance levels are 3.50–3.80, then 4.10–4.45, followed by the previous high zone of 5.20–5.40.
If the price breaks above the previous high, the next target is the 1.272 Fibonacci extension at 6.72. At that point, the $7.00 target would be worth watching closely—about 622% above the current market price.
On the other hand, if #SUI closes the week decisively below 0.60, the overall trend will weaken, and the price could test the 0.40–0.50 range.
The coin has fallen from a high of 5.37, with a maximum decline of nearly 88%. Whether it can rebound and recover will depend largely on whether it can hold support in the 0.60–0.75 range.
For the trend to turn bullish, the first hurdle is the 1.30–1.45 range, followed by a push toward 1.80–2.05. The bullish case will only truly be established once the price decisively breaks above the descending trendline resistance.
The next resistance levels are 3.50–3.80, then 4.10–4.45, followed by the previous high zone of 5.20–5.40.
If the price breaks above the previous high, the next target is the 1.272 Fibonacci extension at 6.72. At that point, the $7.00 target would be worth watching closely—about 622% above the current market price.
On the other hand, if #SUI closes the week decisively below 0.60, the overall trend will weaken, and the price could test the 0.40–0.50 range.