Popular analyst Ted Pillows predicts a potential price breakout for Sui (SUI) as the altcoin shows a bullish pattern amidst a recent price decline.
SUI has experienced a steady price decline of 17.18% over the past month, but Pillows highlights a bullish descending wedge pattern forming, indicating a possible market reversal.
To achieve a breakout, SUI must surpass a critical resistance at $3.5, the upper boundary of the descending wedge, for a market rally to new all-time highs.
Current SUI price is at $3.23 with potential targets set at $4.00 and a new all-time high projected at $5.21, hinting at a significant gain potential according to Pillows' analysis.