SUI Retest Signals Potential 62% Surge: $4 Target in Sight
2024-11-11

SUI/USDT trading pair, indicating a potential bullish scenario. The chart suggests that SUI has already broken past its previous all-time high (ATH) and is currently looking to retest a fair value gap (FVG) or a significant demand zone. This zone, marked in green, acts as a key support level where buyers may re-enter the market.

The price projection outlined in the chart anticipates a retracement towards the FVG/demand zone before resuming its upward momentum. If SUI tests this zone and shows bullish price action—such as forming reversal patterns or strong bullish candles—it would confirm buyer interest and set the stage for a strong rally.

The white projected path indicates that, following a successful retest, SUI could continue its upward trajectory toward the $4.00 target level. The analysis points to a potential gain of around 62.22%, signaling significant upside if the bullish scenario plays out. Traders should watch for confirmation of support and buying volume at the FVG or demand zone before entering long positions to ensure the continuation of the bullish trend.