SUI/USDT Break Falling Wedge pattern, Bullish Momentum ???

Yello Paradisers, It's time to dive into #SUI

💎 SUI has successfully broken out of the Falling Wedge pattern, validating the anticipated upward movement. Currently, SUI is undergoing a retesting phase, poised for continued upward trajectory, indicating a potential for significant upward movement.

💎 Prior to the breakout, SUI experienced a consolidation phase lasting around three weeks. This consolidation at the bottom is indicative of accumulation buying, a hypothesis that was confirmed with SUI’s successful breakout from the falling wedge pattern yesterday.

💎 The current market conditions suggest a promising upward movement for SUI, backed by its recent successful breakout and the preceding accumulation phase.

💎 However, this scenario would be invalidated if SUI were to close below the key support area on the daily timeframe.