SSUI/USDT Breakout Analysis 1D Chart:
SUI has broken out of a clear falling wedge pattern on the daily timeframe — a bullish reversal structure. This breakout is significant, especially with strong volume confirmation and price now trading above both the wedge and the 50 EMA.
🔸 Support $3.05:
The 50 EMA aligns closely with the $3.05 level, now acting as a solid support. Retesting this area successfully would validate the breakout further.
🔸 Upside Target: $5.5
The projected move based on the wedge's height suggests a run toward the $5.0–$5.5 zone, especially if bulls maintain control.
🔸 Risk Level at $2.80:
A daily close back below the wedge and 50 EMA would invalidate the bullish breakout and suggest caution
🔸 Watch for a potential retest of $3.05–$3.20. If this zone holds, it could be a strong entry area with upside potential toward $4.0, $4.7, and $5.5 in the coming weeks.
SUI has broken out of a clear falling wedge pattern on the daily timeframe — a bullish reversal structure. This breakout is significant, especially with strong volume confirmation and price now trading above both the wedge and the 50 EMA.
🔸 Support $3.05:
The 50 EMA aligns closely with the $3.05 level, now acting as a solid support. Retesting this area successfully would validate the breakout further.
🔸 Upside Target: $5.5
The projected move based on the wedge's height suggests a run toward the $5.0–$5.5 zone, especially if bulls maintain control.
🔸 Risk Level at $2.80:
A daily close back below the wedge and 50 EMA would invalidate the bullish breakout and suggest caution
🔸 Watch for a potential retest of $3.05–$3.20. If this zone holds, it could be a strong entry area with upside potential toward $4.0, $4.7, and $5.5 in the coming weeks.
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.