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SUI Price: Technical Analysis Points to Potential 25% Upswing
The cryptocurrency market is witnessing a sudden surge in the price of SUI, with the token showing signs of potential growth. In an analysis conducted by our team, we have observed that the current trend points towards a significant increase, potentially reaching a 25% upswing.
Firstly, it’s essential to highlight the recent breakout from the falling wedge pattern. This has led to the SUI price experiencing a strong surge, moving upwards and away from the bearish flag. The market is displaying an increasing interest in this digital asset due to its growing use cases.
The Relative Strength Index (RSI) and Directional Movement Index (DMI) are both indicating positive signals with a bullish crossover. This cross over suggests that investors might continue purchasing SUI, which could further push the price up.
Source: https://blockonomi.com/sui-price-technical-analysis-points-to-potential-25-upswing/
