Sui [SUI] has finally broken above the multi-month triangle pattern that has constrained its price since early 2024.
The recent move past $3.60 came with a 12.8% surge, pushing price toward the 0.786 Fibonacci retracement. This breakout signals a potential reversal and growing bullish confidence.
At the time of writing, SUI traded at $4, now hovering near a historical supply zone. With confirmation from spot and derivatives indicators, the breakout looks fundamentally supported.
However, traders must evaluate on-chain activity and resistance levels to determine whether momentum can be sustained
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