SUI Bounces from Fibonacci Support, Eyes Explosive Upside Targets

SUI’s rebound from the critical 0.786 Fibonacci zone showcases strong bullish momentum. The asset has secured support on its long-term trendline, leading to a continued climb towards new highs and challenging previous resistance levels. Traders are closely watching for breakout opportunities above $3.50, with targets potentially hitting $4.01, $4.96, $6.04, and even $7.01. Expert analyses predict potential expansion into wave (3) based on Elliott Wave patterns, projecting levels of $7.16, $8.17, and a final target of $11.85 if bullish momentum sustains.