After a significant market retrace, SUI is making efforts to reclaim the $2 mark and break out of a bullish pattern. Market analysts suggest that SUI could make some "big moves" towards a new all-time high. Recent market corrections, led by Bitcoin’s price drop, affected several cryptocurrencies, including SUI.
The token previously dropped by 4%, losing its $2 support but outperformed many in Q3 with a 25% rise. Analysts now speculate that a breakout from a bull flag pattern could propel SUI to its $2.35 record high. While some foresee a drop to $1.65 if the $2 support is lost, others predict a possible rally to $2.7 by year-end.
The outcome of the US presidential elections is expected to bring volatility, with crucial support levels being $1.90-$2. As of now, SUI is trading at $2.05, showing a 3.5% increase after a 9.3% surge. Altcoins like SUI are observed in a correction phase but hold potential for further upward momentum.
