SUI token recently reached a new all-time high but failed to maintain above $4.05. It is currently trading at $3.83, displaying a strong potential for another breakout. The trading pattern exhibits a bullish flag formation.
Analyst Carl Runefelt has forecasted a target price of $4.20 for SUI in the short term, suggesting that there is room for further growth in the token's value.
The upward momentum of Bitcoin, having crossed the $100,000 mark recently, might provide additional support for SUI's potential breakout, allowing it to reach new heights in the market.
