SUI (SUI) surges 11% on Bitcoin rally… Technical breakout could push up to $3.89

As Bitcoin (BTC) reached an all-time high on Thursday, spreading bullish sentiment across the market, a prominent altcoin, Sui (SUI), is also attracting investors' attention. SUI surged 11.3% in a single day, climbing to $3.41. According to technical analysis, SUI has broken through the upper resistance of its recent strong pattern, entering a full-fledged upward trend. Market experts suggest that if this breakthrough continues for a certain period, the price could potentially rise further to $3.89. This rally gained momentum after a strong rebound near the 20-day exponential moving average of $2.92 and surpassing the 50-day simple moving average of $3.08 on Thursday. This indicates that buying pressure is currently dominant in the short term. Experts noted that "SUI's price movement is being influenced by a combination of Bitcoin's impact and breaking above its technical support levels" and "if this upward trend continues, the key resistance level of $3.89 could be the next target." If Bitcoin's rally persists, there is growing anticipation that positive sentiment could spread not only to SUI but to other altcoins as well. Therefore, monitoring SUI's trading trends in the coming days will be crucial.