Sui (SUI) is consolidating near the $1.30 resistance level. The bullish crossover on the daily MACD indicator is gaining momentum and is currently approaching a critical technical decision point. The weekly chart shows a textbook bullish pennant pattern; a decisive breakout above $2.55 could target the previous all-time high of $5.36. Strong on-chain trading activity also supports the bullish outlook, including a cumulative trading volume exceeding $770 billion and growth in decentralized exchange (DEX) trading volume.
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Sui (SUI) is consolidating near the $1.30 resistance level. The bullish crossover on the daily MACD indicator is gaining momentum and is currently approaching a critical technical decision point. The weekly chart shows a textbook bullish pennant pattern; a decisive breakout above $2.55 could target the previous all-time high of $5.36. Strong on-chain trading activity also supports the bullish outlook, including a cumulative trading volume exceeding $770 billion and growth in decentralized exchange (DEX) trading volume.