SUI Price Gears for 380% Rally as Golden Cross Eme

SUI Price Gears for 380% Rally as Golden Cross Emerges

A golden cross is one of the most bullish patterns that often signals the beginning of a strong bullish trend. The crossover is evident on the one-day chart after SUI’s 50-day SMA crossed above the 200-day SMA, suggesting that the ongoing uptrend may continue.

The last time that SUI price formed a golden cross was during the last quarter of 2024, when the price stood at around $1.09. After this crossover happened, SUI price exploded by more than 380% and reached an all-time high of $5.35.

Currently, the golden crossover is happening again, and if it is confirmed, it is likely that SUI price will post massive gains and possibly hit a fresh all-time high. However, for this rally to happen, SUI may first need to break resistance past $4.30 before the next bull run to the 161.8% Fibonacci level of $5.90.

However, to confirm the bullish momentum depicted by the SMA, the RSI needs to cross above 50. Currently, this metric is tipping north and has made a strong upward trend, an indication that the buying pressure is strong and this altcoin could hit new highs.