SUI Recovery in Play : Targeting $1.44 After Key Breakout**
#SUI🔥 #SuiFundamentalUsedCase #SUIZA #BinanceSquareFamily #BinanceAppHomepage
After reaching an all-time high (ATH) above $2 in March, SUI experienced a significant correction, dropping below the $1 level and hitting a low under $0.50 on August 5th. However, the coin quickly recovered, and by August 12th, the SUI/USDT pair broke above its falling resistance line, reaching over $1.
Following this breakout, SUI consolidated near $0.75, forming a higher low. Now, trading above $1, it faces strong technical resistance, but a breakout could push it to $1.44, representing a potential 40% rise.
Further optimism in the crypto market could see SUI retest its previous ATH of $2.
Conclusion :
SUI is showing signs of a strong recovery with a potential to climb towards $1.44 after a key technical breakout. Further market strength could lead to a retest of $2.
Advice for Investors :
Consider positioning yourself for potential gains, but monitor the key resistance at $1 and apply risk management.