SUI/USDT Technical Analysis, 154% Potential surge in few weeks.
2024-09-12

SUI is showing strength as it approaches a critical resistance level. A confirmed breakout could push SUI into a price discovery phase, opening up the potential for significant gains.

Current Price: Around $1.02
Optimal Entry Zone: $0.75 to $1.00
Target: $2.58 (154% potential gain)
Resistance: A breakout above this level could unlock major upside potential
Lower Support: Strong support around $0.50

Two Potential Scenarios:

Scenario 1: A breakout and daily close above $1.10 will trigger a strong buy signal.
Scenario 2: A retest of the lower level between $0.75 to $0.95 offers an opportunity to accumulate.
Strategy:
To maximize gains while minimizing FOMO, consider buying 30% at the current price (CMP) and adding the remaining 70% if either of these scenarios plays out. This way, you’re positioned for profit regardless of the market's direction.

A breakout above this key resistance could see SUI reaching new highs. 

This is a setup worth watching, especially for those looking to accumulate on retests. 
Please keep it on your radar!

Not financial advice. DYOR!

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