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Here’s Why SUI Could Surge to $2.99 After Wedge Breakout
As cryptocurrency enthusiasts and traders closely monitor the market movements of various digital assets, a particularly intriguing narrative is unfolding around SUI, which has recently broken its wedge formation, signaling an imminent upswing towards the $2.99 price target.
The recent chart patterns suggest that SUI is poised to make a significant move upwards, as it approaches the apex of the wedge and prepares for a breakout above $2.50. The momentum behind this potential surge could be substantial enough to propel the cryptocurrency into a new all-time high by April.
For months, SUI has been oscillating within the confines of the falling wedge pattern, generating a series of lower highs and higher lows that signal exhaustion in selling pressure as buying interest increases. As the price approaches the apex of the wedge, we can expect wild price action, making this moment critical for traders and investors alike.
Should SUI break above $2.50, the resulting price surge could see the asset rally an additional 25% within April alone, generating a potentially explosive move that would not go unnoticed by market participants.
Source: https://cryptonewsland.com/heres-why-sui-could-surge-to-2-99-after-wedge-breakout/
