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SUI Approaches Major Resistance at $4.80 After Daily Chart Breakout


by Peter Mwangi
for CoinEdition

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SUI Market Performance Shifts After Key Chart Breakout
  • SUI targets $4.80 after breaking out of a bullish flag pattern on the daily chart.
  • Trading volume hits $1.75B with a 9.35% price gain, boosting market activity and momentum.
  • RSI at 62.95 and MACD signals show bullish momentum without overbought conditions.

A bullish flag pattern on the Sui (SUI) daily chart has drawn attention, suggesting a possible breakout that could send the token toward $4.80. In a recent tweet, crypto analyst Carl Moon shared a TradingView chart based on Bybit’s SUI/USDT pair, showing a descending channel that followed a strong July rally.

According to the analysis, SUI has broken out of this structure, opening the door for a 19.28% upside from the breakout point. The chart covers price action from early June to the end of July, showing $4.80 as the next resistance level.

Market Performance and Trading Activity

As of press time,…

The post SUI Approaches Major Resistance at $4.80 After Daily Chart Breakout appeared first on Coin Edition.

Read the article at CoinEdition

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Coins

$ 0.112

-2.07%

$ 0.9984

-0.01%

$ 0.0141

-0.04%

$ 0.00...361

$ 0.00042


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Coins

$ 0.112

-2.07%

$ 0.9984

-0.01%

$ 0.0141

-0.04%

$ 0.00...361

$ 0.00042


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SUI Approaches Major Resistance at $4.80 After Daily Chart Breakout


by Peter Mwangi
for CoinEdition

Share:

SUI Market Performance Shifts After Key Chart Breakout
  • SUI targets $4.80 after breaking out of a bullish flag pattern on the daily chart.
  • Trading volume hits $1.75B with a 9.35% price gain, boosting market activity and momentum.
  • RSI at 62.95 and MACD signals show bullish momentum without overbought conditions.

A bullish flag pattern on the Sui (SUI) daily chart has drawn attention, suggesting a possible breakout that could send the token toward $4.80. In a recent tweet, crypto analyst Carl Moon shared a TradingView chart based on Bybit’s SUI/USDT pair, showing a descending channel that followed a strong July rally.

According to the analysis, SUI has broken out of this structure, opening the door for a 19.28% upside from the breakout point. The chart covers price action from early June to the end of July, showing $4.80 as the next resistance level.

Market Performance and Trading Activity

As of press time,…

The post SUI Approaches Major Resistance at $4.80 After Daily Chart Breakout appeared first on Coin Edition.

Read the article at CoinEdition

In This News

Coins

$ 0.112

-2.07%

$ 0.9984

-0.01%

$ 0.0141

-0.04%

$ 0.00...361

$ 0.00042


Share:

In This News

Coins

$ 0.112

-2.07%

$ 0.9984

-0.01%

$ 0.0141

-0.04%

$ 0.00...361

$ 0.00042


Share:

Read More

New $150 million CFTC war chest to end withdrawal delays and weaponize complaints against failing crypto exchanges

New $150 million CFTC war chest to end withdrawal delays and weaponize complaints against failing crypto exchanges

Senate Agriculture Committee Chair John Boozman on Jan. 21 released updated text for ...
Hidden inflation risks are lurking in “patched” data, leaving Bitcoin stuck in a high-stakes waiting game

Hidden inflation risks are lurking in “patched” data, leaving Bitcoin stuck in a high-stakes waiting game

The Bureau of Economic Analysis (BEA) released its delayed Personal Income and Outlay...