$SUI reclaiming $5 — is the next stop really $10? 🔥
$SUI is showing serious strength off this key psychological reclaim. The market structure on higher timeframes is flipping bullish, with price slicing through resistance that previously capped upside. Volume is confirming the move, and the momentum is genuine rather than a low-liquidity wick.
What makes this interesting is the clean accumulation range we saw below $5. That base is now acting as a springboard. If $5 holds as support on any retest, the path to price discovery opens up quickly. The $10 level isn't just a meme target — it lines up with Fibonacci extensions from the prior range. Smart money seems to be positioning for continuation rather than fading this strength.
The real test comes if we see a daily close above $5.50 with conviction. That would confirm the breakout and likely trigger the next leg of expansion. Watching closely.
Not financial advice. Manage your risk.