SUIUSD: Bullish breakout expected.
Sui is neutral on its 1D technical outlook (RSI = 55.334, MACD = 0.025, ADX = 19.421) as it remains inside a Cup pattern. The Fibonacci Channel that has been dictating the price action since October 2023, shows that this is the start of the Bullish Wave to the next HH. A similar Cup was what priced the bottom in October and when the price crossed above it, extended to the 2.0 Fibonacci extension. That is our target (TP = 2.800).
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