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...
- 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.
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.
Currently, the SUI token is trading at $0…
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