- SUI Eyes $4.80 Target: Sui (SUI) is forming its third consecutive falling wedge pattern on the 4-hour chart, with bulls aiming for a breakout toward $4.80. The 100 EMA has acted as a key support level, holding each time price pulled back.
- Crypto GEMs Predicts $10 Move: Popular trader Crypto GEMs has set a bold target of $10, more than 150%above current levels. For SUI to reach that mark, it would need to break above $5 and maintain momentum through ecosystem updates or broader market strength.
- Risks and Support Levels: If the wedge pattern fails and SUI drops below the 100 EMA, a decline to $3.60 is possible. However, as long as support holds and volume increases, bulls may still have a shot at higher targets.
Sui (SUI) has been getting a lot of attention lately, and now there’s a bold prediction making the rounds. Crypto GEMs, a well-known trader, just dropped a tweet that got everyone buzzing:
“SUI is going to +$10 sooner than u think.”
Big words, right? Especially since SUI’s sitting just under $4 at the moment. But there’s more to it than just a tweet. The chart that came with it shows a pattern forming that could mean something big. Let’s break it down.
SUI Strengthens on the 4-Hour Chart
The chart is based on the 4-hour timeframe for SUI/USDT over on Binance. It highlights a clear pattern – consolidation followed by a breakout. Classic setup. Experienced traders love this kind of structure because it signals momentum might be building.
What stands out here is the falling wedge pattern that keeps popping up. The first breakout hit at the end of April, pushing SUI higher. Then, early May saw another wedge form – and another breakout. Now, we’re looking at the third wedge in a row. If history repeats, SUI could be gearing up for yet another move up.
Also worth noting is the 100-period EMA (blue line). Each time SUI pulled back, it found support at this level. Bulls have defended it well, keeping the uptrend intact.
Targeting $4.80 – But Could $10 Be Next?
Crypto GEMs has set a short-term target of $4.80 based on the wedge pattern. That’s the immediate goal. It’s a level just above the recent local highs, and if SUI can clear it, the next resistance could fall quickly.
But the real attention-grabber? The call for $10. That’s more than 150% from current prices – a big ask, no doubt. For that to happen, SUI would need to do more than just hit $4.80. It would need to:
- Break out above $5 and flip it into solid support
- Maintain momentum, likely fueled by some big ecosystem updates or news
- Ride a broader market rally, with Bitcoin and altcoins moving higher
Crypto can move fast, especially during price discovery. We’ve seen wild rallies before. If SUI clears those levels with strong volume, $10 might not be as crazy as it sounds.
Risks and Potential Pullbacks
Of course, it’s not all sunshine and rockets. If the wedge pattern fails and SUI drops below the 100 EMA, things could get choppy. In that scenario, we could see a drop back to $3.60 or lower, as traders reassess the setup.
But as long as the price holds above that EMA and the wedge stays intact, bulls are still in control. For now, all eyes are on that $4.80 target – and whether SUI can shake off any weakness and aim higher.
