Sui Price Analysis SUI soared above the $4.2 resi

Sui Price Analysis

SUI soared above the $4.2 resistance, and the bulls have successfully maintained the price above the breakout level. That suggests the buyers are trying to flip the $4.2 level into support. As of writing, SUI trades at $4.3, surging over 13% in the last 24 hours. 

If the price breaks above immediate Fib levels, the SUI/USDT pair could continue the uptrend. As a result, SUI price might reach its previous ATH of $5.35.

Although the trend remains up, the overbought level on the RSI increases the risk of a correction or consolidation in the near term. If the price dips and closes below $4, the pair could tumble to the 20-day EMA.