#sui# SUI cup handle structure target $10, breakout zone is coming soon

This article summary is generated by AI. SUI has formed a cup and handle pattern on the 1D chart, indicating a possible upward breakout to $10. The current support range is between $3.55 and $3.85, and the increase in on-chain activity supports bullish sentiment, despite mixed indicators. SUI has formed a cup and handle pattern on the 1D chart, aiming for the potential upward breakout to $10. The price is consolidating between $3.55–$3.85, with an RSI of 52.91, indicating neutral momentum. The increase in on-chain activity has seen SUI surpass Solana in stablecoin transfers, supporting bullish sentiment. SUI is gaining attention as the 1-day chart shows a bullish continuation pattern forming. Market observers have noted the development of the classic cup and handle pattern, which typically appears before a major upward move. An upward breakout could push SUI towards the $10 target based on current technical data. The cup and handle pattern shows strong formation. According to insights shared by Crypto Bullet, the 1-day chart of SUI/USDT shows a well-formed cup and handle pattern. The rounded bottom started forming months ago, and recent consolidation suggests the handle is nearing completion. This pattern is generally considered a reliable price upward breakout predictor, especially with increased volume near resistance levels. The top resistance of the cup appears to be around $4.20. A confirmed closing price above this line may initiate a measured move based on the cup's depth. According to the chart structure, the target is still close to $10, but further validation is needed through price action and trading volume. The price is currently trading around $3.75, rebounding from the 50-day moving average near $3.40. Key levels and market indicators suggest an accumulation phase, with the current range between $3.55 and $3.85 indicating consolidation, and trading volume has decreased by 21.1% in the last 24 hours. This is consistent with typical behavior before an upward breakout attempt. The RSI is at 52.91, reflecting a neutral state and suggesting that the overbought phase has cooled down. Source: Momin(X). Meanwhile, the MACD shows slight bearish divergence in the short term, while the overall trend remains positive. According to Momin's observations, this phase provides a good accumulation opportunity. He notes the increase in SUI's on-chain activity, including surpassing Solana in stablecoin transfers, which is a strong indicator of network growth. If SUI breaks through the resistance area at $4.25, the next upward breakout may begin, supported by technical and fundamental signals. SUI's cup and handle structure targets $10, with an upward breakout imminent, featured on Crypto Front News. Visit our website for more interesting articles about cryptocurrency, blockchain technology, and digital assets.