TL;DR
SUI falls to $3.81 after heavy liquidations, yet technical charts point toward higher price targets.
Breakout above $3.57 Fibonacci level confirms support, setting the stage for a possible move toward $7.
Analyst projects climb to $4.90, brief pullback, then surge to $6.90–$7.00 in the coming weeks.
Price Drop Follows Liquidations
Sui (SUI) traded at $3.81 after falling 6% in the past day, with $1.56 billion in turnover. The move came after a wave of liquidations hit leveraged positions across major exchanges.
Long positions worth $14.34K and shorts worth $119.18K were closed during the session. Binance saw the largest share, with $67.37K in short liquidations and $13.59K in longs. OKX, Bybit, and Gate also recorded position closures, though in smaller amounts.
However, market charts from Ali Martinez show SUI breaking out of a long-term symmetrical triangle pattern. The breakout came above $3.57, in line with the 0.618 Fibonacci level, which is now acting as support.
$SUI b
We współpracy z: https://cryptopotato.com/sui-down-6-but-analysts-say-7-is-coming/
