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After his break, Suis consolidated himself in a key range and faced a momentary resistance above the level of $ 4.00. Some analysts suggest that the next target of the cryptocurrency is near the $ 5.00 mark, because it could repeat its rally of all time (ATH).
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Sup party on break
Suis experienced an impressive resumption of 120% compared to $ 1.76 in April, recovery Barriers of $ 2.00 and $ 3.00 in recent weeks. The cryptocurrency jumped 85% in the last month despite its recent token unlocking, meeting at a fourth summit of $ 4.29 last Monday.
However, SUD retraced 10% compared to the summit last week, oscillating between the price range of $ 3.60 and $ 4.10. Trader Froggy stressed that cryptocurrency approached important $ 4.00 resistancethat he has not been able to hold for seven days.
Breaking above this level “will prepare the ground for a strong movement,” he explained, adding: “This could be the trigger that breaks the beach and opens the next leg above.”
Meanwhile, Rekt Capital recently highlighted That Suis built a reactive range, between $ 3.39 and $ 3.78, as it did at the end of 2024.
At the time, the cryptocurrency consolidated around the upper limit of this range for weeks before the weekly closure above this level and the Rettesta as a support to confirm an escape to a new ATH.
This time, SUP closed above the brand of $ 3.78 two weeks ago and confirmed it as support last Sunday after the closing of the week at $ 3.94, which could suggest that an escape at a new summit is coming.
Suit Rally at $ 5.00 loading?
Altcryptogems sjul consider This consolidation of Suppaler The next stage of the cryptocurrency, resembling its previous performance. According to the analyst, the Altcoin is consolidated in a short -term bull flag and is preparing for a break, as he did twice in the last month.
Likewise, Altcryptalk assertive This sui is “overall optimistic” according to its recent performance of all time (ATH) and advised investors not to leave the recent withdrawal of “deceive” them, if it holds the support of $ 3.30.
The analyst noted that the last ATH escape from the cryptocurrency had seen a four-step rally, with a large impulse and an initial correction, and three smaller pulses followed by corrections.
On this basis, SUP is probably preparing for the second smallest impulse, because it recorded a larger escape at the end of April and a smaller rally in early May. However, he warned that the smallest impulse after a greater is “generally a sign of weakness”.
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For his next jump, the altcoin Must cross the upper limit of the range, around the $ 4.00 bar, before continuing its rally.
If history is repeated, SU could reach the $ 5.00 mark in the coming weeks, “I wait for this top or a new summit to be formed, then expect another greater upward wave,” concluded the analyst.
To date, SU is negotiated at $ 3.84, an increase of 2.1% of the daily deadline.
Star image of Unsplash.com, tradingView.com graphic
