Bitcoin

Crypto Expert Predicts Where SUI Price Is Headed in May, and It’s Shocking


The larger market of cryptography increases after Bitcoin reached $ 94,000. Altcoins also react to this momentum of the market, following one of the strongest artists. The Suppre price won 23.90% during the last day and is now negotiated at $ 2.90. Its trading volume increased by 162.38%, placing it among the first five winners today. Technical analysts are now running their attention to what could come.

Two distinct technical analyzes indicate a possible continuation of break for Sui. The first painting, published by the expert Crypto Ted, identifies a reverse head and shoulder training on the daily graphic. The neckline, placed at around $ 2.25, was recently raped by a strong green candle which closed nearly $ 2.85. This model is known to mark a reversal of potential trend of lower biller.

TED noted that the configuration was in the process of completion and highlighted $ 2.45 as a key level. After the escape, he declared that this decision confirms the institutional interest, referring to the FNB sub -Spot deposit of Canary Capital. He now projects a price of Su sur Prix between $ 3.80 and $ 4 in May, assuming that the strength of the current market holds.

Image source: X / Ted

Analysts have a higher target after resistance to resistance

Another veteran analysis Michaël Van de Poppe, who shared a graph showing an escape from a long -term trend. The graph shows that Suis Price came out of basic training that kept strong around the $ 1.70 level. Resistance between $ 2.25 and $ 2.30 has now been returned to support.

Van de Poppe describes the break as a trigger to move strategies, suggesting a purchase approach to move forward. He added that SUP was likely to a new summit of all time in the next quarter, with previous summits around $ 4.60 serving as a point of reference for bullish projections.

Read also: XRP price at $ 33? This graph makes a convincing case

Sui key levels and what to look at then

The current configuration places $ 2.25 as an immediate support zone to look at in the event of a hindsight. Any movement supported above $ 3.00 could open the door to higher level tests mentioned by analysts. The RSI is near the exaggerated territory, but the volume of trading confirms an increasing interest.

With two analysts aligning on a bull structure and the wider market showing Momentum, the following performances before May will remain A key goal for merchants.

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