Dogecoin

Resistance

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<p>According to the insights shared by crypto trader @DaCryptoGeneral, <a href="https://captainaltcoin.com/fet-and-sui-price-forecast-claims-100x-rally-is-coming-but-watch-out-for-this-under-the-radar-ethereum-token/" target="_blank" rel="noopener noreferrer nofollow">the price of SUI </a>is currently exhibiting aggressive upward movement, approaching a significant resistance level. The trader notes that the price is poised to flip the $2.2 level, setting a target of $4.5 for the short to mid term</p>
<p>The recent chart for SUI/USDT on Binance highlights a strong uptrend, with the price rising sharply from approximately $0.40 in June to its current price of $1.53. This aligns with @DaCryptoGeneral’s observation of the aggressive price action</p>
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<h2 class="wp-block-heading" id="key-resistance-level-and-price-target">Key Resistance Level and Price Target</h2>
<p>The trader identifies $2.2 as a critical resistance point, which the price is nearing. The chart indicates that once this level is reached, there could be a minor retracement before attempting a breakout. @DaCryptoGeneral believes that flipping this level is crucial, as it would potentially convert it into support for further upward momentum.</p>
<p>Following a successful breakout above the $2.2 resistance, the trader projects a bullish move towards a target of $4.5. The chart’s upper horizontal line aligns with this projection, indicating a future resistance point. The dotted line on the chart visualizes a potential upward trajectory, suggesting continuation after surpassing $2.2.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/microstrategy-goes-on-a-massive-bitcoin-buying-spree-heres-their-profit-at-current-btc-price/" target="_blank" rel="noopener noreferrer nofollow">MicroStrategy Goes On a Massive Bitcoin Buying Spree – Here’s Their Profit At Current BTC Price</a></em></strong></p>
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<h2 class="wp-block-heading" id="short-mid-term-outlook">Short-Mid Term Outlook</h2>
<p>The trader’s forecast for the short-to-mid-term target of $4.5 is supported by the bullish trend evident in the chart. The current price action suggests that a healthy rally could persist, contingent upon breaking the pivotal $2.2 resistance level.</p>
<p>Additionally, SUI has recently cleared a descending trendline, which further confirms<a href="https://kriptomat.io/finance-investing/how-to-evaluate-market-sentiment-before-buying-crypto/" target="_blank" rel="noopener noreferrer nofollow"> the bullish sentiment</a> following a breakout in August</p>
<p>DaCryptoGeneral outlines a cautious accumulation strategy, advising to add a small amount at the current market price (CMP) while reserving larger purchases for after the breakout.</p>
<p>This strategy reflects the trader’s view that $2.2 is a crucial level, and they are waiting for confirmation before committing additional funds. A successful breakout from this resistance is anticipated to attract increased buying volume and momentum</p>
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<p>The post <a href="https://captainaltcoin.com/this-crypto-trader-predicts-sui-price-will-hit-4-5-short-to-mid-term-heres-why/" rel="noopener noreferrer nofollow">This Crypto Trader Predicts SUI Price Will Hit $4.5 ‘Short to Mid Term’ – Here’s Why</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

This Crypto Trader Predicts SUI Price Will Hit $4.5 ‘Short to Mid Term’ – Here’s Why

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