SUI’s prevailing ascending channel and Fibonacci setup project $7.56 as the new record high target.
Sui (SUI) is making a strong technical case for a 100% price rally in the coming weeks, helped further by a slew of optimistic updates, such as the recent Nasdaq ETF filing with the US Securities and Exchange Commission (SEC).
As of May 28, SUI has reclaimed the “Gooner EMA” as support on the weekly chart.
Gooner EMA is a technical indicator created by trader NebraskanGooner that uses the 11- and 22-period exponential moving averages (EMA). When the price crosses above the EMA range, it often leads to further gains.
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