Sui (SUI) is once again capturing market attention after prominent crypto analyst Ali highlighted the potential for a bullish breakout, suggesting the token could rally to $7 in the coming months.
Currently trading around $3.56, SUI has gained over 5% in the past week, supported by steady trading activity and technical signals pointing toward further upside.
According to Ali’s chart analysis, SUI has been consolidating along an ascending trendline, with the structure setting up for a breakout once resistance levels are cleared. The forecast outlines a possible climb from current levels toward $7 if momentum continues.
Market data shows SUI holding a market capitalization of $12.73 billion, with 24-hour trading volumes exceeding $1.1 billion despite a recent dip in activity.
Its fully diluted valuation stands near $35.7 billion, underlining the significant potential capital inflow the project could attract if sentiment improves.
On the technical front, SUI’s Relative Strength Index (RSI) hovers just below 57, indicating neutral-to-bullish conditions, while the MACD is trending upward, hinting at growing buying pressure. This combination suggests the token could be building strength for its next decisive move.
With SUI maintaining a strong position among top cryptocurrencies and attracting heightened investor interest, traders are closely monitoring whether it can sustain its trajectory and challenge the $7 level before year-end.
The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/market/sui-price-prediction-can-sui-surge-toward-7/