$SUI

Indicates a critical moment when the prices of alternative cryptocurrencies (altcoins) explode beyond their previous price range, signaling the beginning of a strong upward trend. This often occurs after a period of accumulation or stagnation in the market, typically accompanied by an increase in trading volume, which serves as an indication of large investors entering the market.

Some of the key indicators that precede the bullish breakout include breaking historical resistance levels, moving averages crossing, or the emergence of technical patterns such as the cup and handle or ascending triangle. The success of this breakout can lead to significant gains in a short period, making it an important opportunity for traders.

However, one must be cautious of false breakouts. Accurate technical analysis and risk management remain essential for achieving sustainable profits.

Source: Cointelegraph, Investopedia, Binance Academy