SUI Price Prediction: Bullish Setup Signals Parabolic Surge?
Note: This post may contain affiliate links, and we may earn a commission (with No additional cost for you) if you make a purchase via our link. See our disclosure for more info. The crypto world is constantly changing. This content is for informational purposes only and not financial, legal, or professional advice So, please verify the info on the cryptocurrency provider’s websites.
Crypto analyst Crypto Master 786 predicts a parabolic surge for SUI, currently trading around $3.61. The analyst points to a confluence of bullish indicators supporting this prediction. Technically, SUI is positioned within a key bullish re-accumulation zone, encompassing a Bullish Price Range (BPR) and a significant Order Block (OB). This setup, combined with a Market Structure Shift (CH) in April, suggests a bullish reversal. Smart money concepts are also in play, with the OB and BPR zones holding firm, indicating potential institutional accumulation. Fibonacci levels at 0.5 and 0.25 are projected upward targets, coinciding with historical supply zones. Low-volume pullbacks are seen as healthy retracements, not bearish exhaustion. Fundamentally, SUI's strength stems from its status as a high-performance Layer 1 blockchain developed by Mysten Labs. Its scalability, speed, and low transaction fees attract developers and users. Strong backing from top-tier investors like a16z, Jump Crypto, and Binance Labs further bolsters confidence. The rapid growth of SUI's developer ecosystem, fueled by the SUI Builder Grant Program, adds to its appeal. The analyst concludes that these technical and fundamental factors, combined with smart money signals, create a high-probability swing play with a potential 37% upside. The current OB/BPR zone is crucial; holding this zone is essential for the bullish prediction to materialize. Failure to hold this zone could invalidate the prediction.
(Source: https://www.newsbtc.com/sui/sui-eyes-parabolic-surge/)
