SUI Completes Bullish Retest, Eyes $7 Breakout

• SUI shows strength after a confirmed bullish retest.
• Technical signals suggest a possible move toward $7.
• Investor sentiment remains optimistic amid solid support.

SUI has recently completed a textbook bullish retest, confirming previous resistance as new support—a classic signal in technical analysis. This setup often hints at strong upside potential, and traders are already speculating on a possible move toward the $7 mark.

After consolidating around its support zone, SUI bounced back with volume, showing signs of renewed buyer interest. This is encouraging for bulls who believe the project has much more room to grow. The $7 target is now in sight, provided the current momentum continues.

Technical Indicators Support the Bullish Case

Looking at the charts, several indicators are aligning with the bullish narrative. The RSI remains in a healthy zone, showing room for more upward movement before becoming overbought. The moving averages have also flipped into a bullish alignment, further confirming the strength of the trend.

Moreover, the recent retest happened right above a high-volume node, a level that traders see as strong support. If the price can hold above this zone, the chances of reaching $7 significantly increase.

Market Sentiment Remains Positive

Community sentiment around SUI is largely bullish. Traders are sharing optimistic price targets and are confident in the coin’s short-term trajectory. Some analysts suggest that if Bitcoin remains stable or trends upward, altcoins like SUI could benefit from increased capital inflows.

As always, traders are advised to monitor broader market movements and adjust their strategies accordingly. But for now, SUI appears poised for a breakout.

Read also:

• TRON & SunPerp Launch $100M Recovery Fund
• Steak ‘n Shake Launches Bitcoin-Themed Steakburger
• Ark Invest Files for Four New Bitcoin ETFs
• Tokenized Gold Hits $3.28B Market Cap Record
• China Signals Willingness for US Trade Talks