- Crypto analyst tweeted that SUI has broken the trend of making lower highs.
- SUI token is up by 17% in the last seven days and is trading inside a falling wedge.
- The token may retrace before it spikes and reaches the resistance levels above.
A Crypto Analyst by the pseudonym Woetoe tweeted that the SUI token has broken the trend of making lower highs. With the trend overturned, the analyst expects a spike in SUI tokens. According to his expectations, the minimum spike would be $0.622 while the next higher price would be $0.770. $1 is the maximum hike that Woetoe expects SUI to reach.
Update on $SUI.Managed to break the long downtrend. Now let's see some strength! https://t.co/9sIcYrhdSC pic.twitter.com/ESyLKYx42i
— Woetoe (@cryptowoetoe) October 30, 2023
The below chart shows the SUI token’s price movement for the past seven days. SUI has had some jagged movements and was trading at $0.3997 after the markets opened for trading. SUI was heavily reliant on the support just above $0.42 during the first five days of trading, where it fluctuated between $0.42-$0.46.
SUI/USD 1 Week Chart Source: CoinMarketCap
Currently, the SUI token is trading at…
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