Altcoin Sui (SUI) has attracted the attention of crypto currency investors with its strong performance in recent days. Token traded at about $ 4, 10 %in the last 24 hours and 56 %in the last week, said up to 56 %. According to technical analysis, this mobility can be the beginning of a longer -term rise trend.
Technical formation signals the rise
According to analysts, the “Falling Wedge”, which occurs in the water price graph, is a remarkable structure. Although the price in this formation creates lower hills and bottom levels, the approach of the lines shows that sales pressure is reduced and a possible break is approaching. This structure, which is frequently seen in crypto currency graphics, is known as the harbinger of historically.
The analyst Coinvo says that this structure ends with a strong break and that SUI has gained a significant rise acceleration. “Does everyone see this big falling trap formation? Token is preparing for a strong rise.” Analyst, who shared this view through social media, managed to attract the attention of investors.
Similarly, this technical structure, which consists of well -known crypto currency strategist Michaël Van de Poppe, offers short -term opportunities. According to him, the current rupture offers a sufficient signal for investors to open door to new purchase waves. That is, the positive atmosphere in the market is not limited to technical graphics; It is also supported by expert views.
Target $ 10: Estimates and Expectations
Comments on the rise are not limited to technical analysis. Analyst Ledora sees the water token as a “number one alternative choice .. According to him, this performance can be crowned by overcoming $ 10 in the future. In fact, with an even more ambitious output, it is a “coded result” to reach this level.
On the other hand, technical analysis -oriented sources such as Bitcoinsensus share a similar optimism. Particularly, positive signals on weekly RSI indicators show that the target price can reach up to $ 11.50. These indicators are usually used to determine whether the market is in over -purchase or sale zones and gives significant significance.
Water token, not only in the short term; It also provided significant gains on monthly and yearly basis. In the last year, up to 150 %of the rise rate reveals that the token has a serious leap in terms of market value. In addition, the fact that the US -based digital assets is in the top ranks into the radar of global investors.
The current technical and basic data of SUI for investors point to a strategic purchase opportunity. However, as in every crypto currency, market tracking and careful act is of great importance. The general market atmosphere can be decisive as well as formations.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
