SUI price is showing strong signs of a continued upward move as it trades within an ascending channel. If bulls continue and resistance levels get cleared, analysts see specific price targets calculated for the cryptocurrency that could pump it by 73%.

SUI Price Key Levels to Watch

SUI price is following an ascending channel, a bullish pattern, the targets of which are $5.71, $6.80 and $7.73.

They arrange with the channel structure and Fibonacci projections providing the notion of price faltering or reversal in those positions.

The first and most immediate targeted is $5.71, which is the channel’s midway point. The price, subject to a sustained move higher, could run to $6.80, where traders may sense resistance.

If bullish momentum persists, $7.73 stands as the final target near the upper boundary of the channel.

Analysts suggest that maintaining current levels and breaking resistance will be crucial for achieving these milestones.

SUI Price Movement and Market Performance

SUI crypto was trading at $4.54 at press time, reflecting a 5.87% decline over the last 24 hours but maintaining a 20.51% gain for the past week. This price action indicates some volatility, but the broader trend remains intact.

SUI price is currently in an upward trend as it holds above both the 9 EMA and 26 EMA on the daily chart.

Buyers will take support around $4.40 as buying steps in to protect the bullish setup. If the price breaks above this level, it can be a base for the next effort to climb towards higher targets.

Technical Indicators

The Relative Strength Index (RSI) stands at 61.7 and therefore buyers are still in the driving seat. The market carries on with a positive momentum, that the RSI is above the neutral 50 level.

However, traders are watching this one closely as a drop below 50 could indicate the mood shifting.

The MACD indicator remains bullish, with the MACD line above the signal line. However, the histogram shows reduced buying momentum, suggesting that traders should watch for any changes in the trend.

A bullish continuation would require MACD to stay positive while maintaining support levels.

Sui Integrates Circle’s Cross-Chain Protocol

Recently, the Sui Network has integrated the Circle’s Cross Chain Transfer Protocol (CCTP) so USDC can be transferred across many blockchain ecosystems seamlessly.

The network that is supported includes Ethereum, Solana, Avalanche, Polygon PoS and sometimes even more.

To ensure consistent value of USDC, the protocol uses a burn and mint mechanism. On the sending chain, USDC is burned, on the receiving chain, USDC is minted and there is no need for third party liquidity.

Through this integration, the USDC becomes simpler to send between chains and more useful.

During the time SUI crypto is trading in a bullish ascending channel, key levels at $5.71, $6.80, and $7.73 are still in play.

The post SUI Price Poised For 73% Surge? Key Levels And Targets Revealed appeared first on The Coin Republic.