SUI: NEXT LEG UP STARTS NOW
$SUI
has developed an interesting pattern over the past few weeks.
Since September 12, the price has repeatedly consolidated inside parallel channels before breaking to the upside.
This sequence has already played out three times: consolidation, breakout, consolidation, breakout.
Now, SUI appears to be building another parallel channel. The key level I’m watching is $1.27.
An hourly close above it could confirm another bullish breakout and potentially mark the beginning of the next leg higher.
$SUI
has developed an interesting pattern over the past few weeks.
Since September 12, the price has repeatedly consolidated inside parallel channels before breaking to the upside.
This sequence has already played out three times: consolidation, breakout, consolidation, breakout.
Now, SUI appears to be building another parallel channel. The key level I’m watching is $1.27.
An hourly close above it could confirm another bullish breakout and potentially mark the beginning of the next leg higher.