- SUI reclaimed rectangle support, signaling renewed bullish momentum.
- First upside target for SUI is $0.97 with potential continuation.
- Declining BTC dominance may boost altcoin momentum for short-term gains.
SUI has bounced from its H4 rectangle support after a brief fakeout, signaling renewed bullish strength. With Bitcoin dominance declining, short-term traders are eyeing upside potential. An initial target of $0.97 could be reached if momentum holds, making this a critical zone for accumulation and possible breakout opportunities.
SUI Reclaims Rectangle Support, Suggesting Short-Term Upside
SUI has bounced decisively from its rectangle support on the H4 chart, following a temporary fakeout that tested buyers’ conviction. According to CryptoPulse, reclaiming this level indicates that bulls are defending key zones.
With Bitcoin dominance weakening, SUI’s price structure appears favorable for long positions. The initial upside target is around $0.97, while sustained momentum could push toward the next resistance level.
Traders monitoring SUI see this setup as a potential high-probability opportunity, reflecting strong demand at support and signaling that short-term buyers are stepping in to fuel a possible rally.
Technical Structure Highlights Momentum and Key Targets
The H4 chart shows SUI consolidating near the rectangle support, forming a base for potential upward movement. The fakeout briefly shook weaker hands, but the price reclaimed the level, reinforcing bullish confidence.
CryptoPulse notes that if momentum continues, SUI could first reach $0.97, with the next resistance zone offering additional gains. Declining BTC dominance further strengthens the case for altcoin strength.
Technical indicators suggest accumulation at support and rising interest from short-term traders. The current setup highlights a critical risk-reward opportunity for SUI, with price action closely monitored for breakout confirmation or temporary pullbacks.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
