SUI nears a crucial resistance level as intuitional momentum continues to grow and the network scores major partnerships. Some analysts suggest that the altcoin could see a breakout to new highs if the current levels hold.
Since then, the altcoin has failed to reclaim the range’s upper boundary, being rejected twice from this key zone in the past two months. Now, its recent rally has propelled its price back to the range highs, nearing the $4.00 resistance once again.
Then, the cryptocurrency bounced from the local support and demand area, forming a lower high before rallying to a new HH at the start of Q3. Now, he considers that the price seems “ready to move higher” and that the next leg up could target SUI’s all-time high (ATH) levels.
Moreover, Tuttle Capital joined the Exchange-Traded Fund (ETF) buzz and recently filed for a SUI Income Blast ETF to “seek current income” and “exposure to the share price of the daily performance of SUI.”
As of this writing, SUI is trading at $3.95, a 10% increase in the weekly timeframe.
