SUI Price Soars: 140% Rally Possible? New ATH Imminent?

SUI, the cryptocurrency, is experiencing a significant price surge, potentially signaling a new all-time high (ATH). After breaking above the crucial $4 resistance level—a two-month high—analysts predict a substantial rally. The altcoin's recent 81% surge in three weeks follows a multi-month downtrend that ended in March. This upward momentum is attributed to its breakout from a triangle formation, a pattern frequently preceding significant price movements. Analyst Ali Martinez suggests a 140% increase to $7.60 is possible, while others like Nebraskangooner believe reclaiming the $4 resistance will propel SUI to a new ATH. Further supporting this bullish outlook, analyst Crypto Bullet suggests SUI is in its Wave 3, projecting a double-digit target above $10, based on Elliott Wave theory. The analyst also points to a potential breakout in SUI's trading pair against Solana (SOL). Crypto Kaleo reinforces the positive sentiment, highlighting SUI's strong bounce against both Bitcoin (BTC) and USD, expecting a significant upward movement from its current accumulation wedge. The current price hovers around $3.96, showing a 3% daily increase. However, it's important to note that cryptocurrency investments are inherently volatile, and these predictions should be considered speculative, not financial advice. The potential for significant gains is balanced against the risk of substantial losses. Investors should conduct thorough research and assess their own risk tolerance before investing in any cryptocurrency, including SUI.

(Source: https://www.newsbtc.com/news/sui-eyes-140-move-as-price-reclaims-4-new-ath-imminent/)