SUI’s Breakout: A New Dawn for Altcoins and Crypto Banking Solutions
SUI has finally broken out from a year-long consolidation pattern, which is pretty exciting. As it’s retesting critical support levels, I can’t help but wonder what this means for the altcoin market. Here’s what I think.
SUI’s Technical Breakout
SUI recently broke above a major symmetrical triangle that had it stuck for 12+ months. It’s been a long time since we’ve seen this kind of action—SUI broke above the descending trendline in July, indicating a possible shift in market sentiment.
Right now, SUI is retesting some key price levels between $3.50 and $3.60, which were previously resistance zones. If it can hold above these levels, we may be looking at a new rally with targets near $5.20—the previous high. The tight…
