SUI's Bullish Structure Holds Strong Despite Dip!
Hello everyone! Let's talk SUI. According to a Blockonomi report from June 5th, $SUI
has seen a slight pullback, dipping briefly towards the $3.19 mark. However, the critical takeaway here is that SUI is still holding its bullish structure firmly after successfully breaking out of the key resistance zone around $2.75 back in April. That breakout is significant!
Looking at the technical indicators, the picture remains highly constructive. We are seeing high trading volume, which validates the price action, and robust support is firmly established in the $3.15–$3.26 range. These technical signs continue to strongly favor a further upward trend. Analysts are projecting an ambitious target price around $5.37, provided that this current ascending structure remains unbroken.
More importantly, the on-chain data and the Total Value Locked (TVL) continue to trend up, demonstrating explosive long-term potential that easily outweighs any short-term price fluctuations. For investors, the consensus is clear: maintain your current positions. This dip near the support zone should be viewed as a potential opportunity; consider layering in accumulation strategically if the price revisits the $3.15 area. Stay focused on the long game!