In the last 63 Days, SUI had been and INCREDIBLE asset to hold, Skyrocketing 404,34% since August 5h.

Fast Version: Retraction is only possible rejection U$ 1.84 from Below Retraction wont destroy the Uptrend structure for long term even with 35% to 42% correction from now. U$ 2.68 is a target holding above U$ 1.84.

Today I spent a while studying Sui's chat unfolding so I could bring a pure technical aspect of the token price and the triggers, made projections from two different readings of Fibonacci extensions and I hope this enlighten our friends and investors!

This 4x move made a new ATH, and now it's trying to consolidate above 2.12 USD levels.

In my humble opinion, we have two targets for the Aug 5 move.

1 - U$ 2.3498 as target (already done)

• For the 1st target, that is done, the price could lose U$1.84 support and test U$ 1.55 without breaking the structure in October.

2 - U$ 2.6817 as target

• For the 2nd target, U$ 1.84 needs to hold until finds U$ 2.68.

What If it breaks below after November? In this case we have another retraction to be done without breaking the whole structure as well.

• From U$ 1.38 to U$ 1.14 (Orange Targets , around 35% retraction) would not destroy the longer trend on SUI. The Monthly (strong purple) trendline.

HD CHART HERE HD Zoom Chart Show Less