Is a 100% rise on the horizon?

Sentiment about the price of SUI is growing and becoming bullish day by day. After the massive rise of bearish households, the investor's attention was above the tokens that closely monitor the token price movements. Bulls defending the dynamic support at $3.03 point to their strong pressure as it seems to be poised to raise levels towards new highs. The price of the SUI is trying to secure levels above $ 3.5, but the bears are working hard to restrict the pool below $ 3.4. Despite this, the token flashes a major bullish signal, indicating that a new ATH could be on the horizon. The volume of the SUI has been on the rise since the September 2024 recovery, which rose and marked highs above $3.5 billion. This was when the price was a new ATH mark. After a noticeable volume pressure, the volume began to rise again rising more than $1.5 billion. On the other hand, the number of SOL transactions has also risen to levels in excess of 10 billion for the first time in history. The consistent rise in the number of transactions indicates that network traffic is on the rise, as investors have been very vigilant about the SOL price action. Moreover, they still remain bullish on the token as volume again began to rise, with a massive increase in the number of transactions. This makes SUI one of the most watched codes, hence hints towards a possible increase in the coming days. Sui Price closely follows the Elliott Wave theory and has accomplished the upward and downward waves. Moreover, the rise from local lows and the consolidation that followed raises the possibility of another Elliott wave in its making. Meanwhile, the Gaussian channel turned bullish, signaling the beginning of an uptrend. Well, during the previous rally, when the price represented an uptrend, the RSI rose to excessive peaks, followed by a pullback. However, after a small consolidation, the levels led to a recovery and entered the peak range. It should be noted that the RSI has persisted above the range average, within the upper bands during the Elliot bullish wave, therefore, until this pattern is maintained, the price of the SUI will remain under the bullish influence. Therefore, given that the price of SUI will continue with the fresh Elliot wave, a new ATH may form somewhere between $9 to $9.2 in the second half of 2025.


#ارتفاع The horizon #في Is