{"id":13917,"date":"2025-07-11T00:45:24","date_gmt":"2025-07-10T22:45:24","guid":{"rendered":"https:\/\/wsj-crypto.com\/?p=13917"},"modified":"2025-07-11T00:45:24","modified_gmt":"2025-07-10T22:45:24","slug":"sui-chart-formation-confirms-target-price-of-3-89","status":"publish","type":"post","link":"https:\/\/wsj-crypto.com\/index.php\/2025\/07\/11\/sui-chart-formation-confirms-target-price-of-3-89\/","title":{"rendered":"SUI Chart Formation Confirms Target Price of $3.89"},"content":{"rendered":"

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Essential aspects:<\/strong><\/p>\n

Bitcoin (BTC<\/a>) soared to a new record high on Thursday, and the positive mood has influenced certain altcoins. One of these altcoins is Sui (SUI<\/a>), which surged by 11.3% to $3.41.<\/p>\n

Is it possible for SUI to sustain its ascent? Let\u2019s examine the charts to uncover the answer.<\/p>\n

SUI price forecast<\/h2>\n

SUI sharply rebounded from the 20-day exponential moving average ($2.92) on Wednesday and exceeded the 50-day simple moving average ($3.08) on Thursday.<\/p>\n

SUI\/USDT daily chart. Source: Cointelegraph\/TradingView<\/em><\/figcaption><\/figure>\n

The 20-day EMA is attempting to rise, and the relative strength index (RSI) has moved into positive territory, signaling that the bulls are re-entering the market. If purchasers keep the price above the 50-day SMA, the SUI\/USDT pair might ascend to $3.55.<\/p>\n

In contrast to this expectation, if the price declines and falls below the 20-day EMA, it indicates that the bears are persisting in selling during rallies. The pair could then drop to $2.64 and subsequently to $2.29.<\/p>\n

Related: <\/strong><\/em>Bit Mining surges 350% on pivot to Solana, plans $300M token treasury<\/strong><\/em><\/a><\/p>\n

SUI\/USDT 4-hour chart. Source: Cointelegraph\/TradingView<\/em><\/figcaption><\/figure>\n

The pair formed a bullish inverse head-and-shoulders pattern with a closure above the $3.08 mark. Despite the ascending moving averages indicating an advantage for buyers, the overbought condition on the RSI suggests a potential pullback may occur soon. The neckline serves as a significant support level to monitor on the downside. If the price bounces from the neckline, the pair could increase to $3.50 and then target the pattern goal of $3.89.<\/p>\n

This favorable outlook will be invalidated shortly if the price reverses and drops below the moving averages. That may force the pair down to $2.80 and subsequently to $2.60.<\/p>\n

This article does not provide investment guidance or suggestions. Every investment and trading decision carries risk, and readers are encouraged to perform their own analysis before making a choice.<\/p>\n