SUI is attempting to reclaim a crucial resistance level after its massive performance over the past few weeks. As it breaks out of a triangle formation, some analysts suggest that a rally to a new all-time high (ATH) could be around the corner.
SUI Breaks Out Of Multi-Month Pattern
On Tuesday, SUI broke above the $4.00 resistance for the first time since May, hitting a two-month high of $4.10. The altcoin has seen an 81% surge over the past three weeks, recovering from the June retracement and setting up for a rally continuation.
Notably, SUI ended its multi-month downtrend at the end of March, breaking above its descending resistance and jumping to its $4.29 high in May. Following the Q2 breakout, the cryptocurrency has been trading
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