SUIUSD is consolidating ahead of massive Leg. Can it hit $9.500?

Sui (SUIUSD) has completed Stage 1 of its recovery process following the April 07 bottom. That was a Higher Low on the 2-year Fibonacci Channel Up and having already broken above both the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line), the price is now consolidating.

This is fairly similar to what it did on September 20 2024, which was followed by a strong rise to the 1.0 Fib (previous High) where the price pulled-back to the 1D MA50. That was its final test before the peak forming rally just above the 1.5 Fibonacci extension.

As a result, we expect SUI to hit at least $9.500 on the long-term.

-------------------------------------------------------------------------------

** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **

-------------------------------------------------------------------------------

💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇