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Sui, SUI, from Sui Network, has regained a decisive level after the outbreak of prices by 10 %. The symbol has shown the bullish momentum over the past few days, climbing to its highest weekly levels on Wednesday. Various market monitors suggested that momentum can send the cryptocurrency to higher levels in the Q2.
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SUI regains the main penetration level
Today, SUI, one of the leading symbols in the course, resisted $ 2.60 for the first time in nearly three weeks after recovering the main support area on Tuesday. The cryptocurrency has lost several decisive levels during the Q1 2025 recovery operations, as more than 50 % of the highest level in January (ATH) decreased to the lowest level in four months at $ 1.96.
However, its momentum has regained the adoption of institutions, including its partnership with World Liberty Financial (WLFI), the Crypto project for US President Donald Trump, and the last Canary Capital deposit of the S-1 SUI Spot Transand (ETF) with the American Securities Committee and the Stock Exchange (SEC).
The cryptocurrency has moved to the mark of $ 2.45 in the following days, indicating that the contract of this level can be sent to the next decisive barrier. After declining to $ 2.20, the distinctive code momentum resumed on Saturday, when 13 % rose last week after printing five consecutive green candles.
Amid its performance, some analysts noted that SUI regained the main support of $ 2.40, which was a great resistance during the election period after the United States and the apostasy area during February.
Analyst Michel Van de Bob Proposal The distinctive symbol is “one to monitor”, with highlighting that the “enormous” re -test to support the high time frame “indicates that we will likely expand the bullish direction from here.
Is it ready for the highest new levels?
Within the past 24 hours, SUI increased by 10 % to 2.60 dollars, reaching the highest level in 20 days at $ 2.65 on Wednesday before restoring. As many market monitors have indicated, this basic measure has witnessed that the distinctive symbol bleeding from a polygamy pattern is a multiple decrease.
It can push the re -test and confirm the level of penetration to the distinctive symbol to try to restore the two -month downward trend. Analyst Sagul from Altcryptogems Vision The cryptocurrency should be “ready to go” to a brand of $ 2.80, based on “the bullish market structure and nice power.”
Previously, Ali Martinez suggested that after recovering the level of $ 2.45, only it will be ready to move 15 % to this field.
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Moreover, the distinctive symbol can rise towards a new height if history is restoring itself. Since 2023, SUI erupted from a multi -month -old scam, in October 2023 and August 2024, prompting the cryptocurrency to the new ATHS in the coming months.
At the same time, a script of a trading merchant male The cryptocurrency has recently regained the 365 -day SIA moving average (EMA) after trading below in the past few weeks. According to traders, keeping this level as support can lead to the impulsion of the distinctive symbol ran towards its highest level in January 5.37 dollars.
As of writing these lines, SUI is trading at $ 2.58, an increase of 5.5 % in the daily time frame.
Distinctive photo of Unsplash.com, Chart from Tradingview.com
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