SUI Targets $4.00 Resistance Amid Price Surge
- SUI’s price surged nearly 85% in two weeks, breaking the $3.80 barrier.
- The cryptocurrency retraced over 68% from its January high of $5.35 to a low of $1.71.
- On April 30, SUI unlocked 88.34 million tokens valued at approximately $300.4 million.
- Following the unlock, SUI experienced an 8.5% retrace from $3.51 to $3.21.
- SUI recovered the $3.40 support with a price jump of 5.2% on Monday.
SUI’s recent performance shows significant volatility, with a notable recovery after unlocking millions of tokens and reclaiming key support levels, positioning itself for potential further gains towards the $4 resistance level.
Source (2.6)https://www.newsbtc.com/news/sui-breakout-to-4-imminent-analyst-says-a-correction-to-this-level-could-come-first/?rand=52377
