SUI Cryptocurrency Eyes $5 Target Amid Consolidation
- SUI has recovered 120% from its April low of $1.76, reaching a high of $4.29.
- The cryptocurrency has surged 85% in the last month despite a recent token unlock.
- SUI is currently trading between $3.60 and $4.10, facing resistance at the $4.00 level.
- Analysts suggest SUI may target the $5.00 mark if it breaks past current resistance.
- Recent trading patterns indicate potential for another rally similar to previous all-time highs.
As of now, SUI trades at $3.84, marking a 2.1% increase on the daily timeframe, with analysts closely watching its performance near the key $4.00 resistance level for signs of further upward movement.
Source (2.6)https://www.newsbtc.com/news/sui-preparing-for-another-leg-up-is-5-the-next-target/?rand=52377
