NewsCryptoSUI Eyes $4 as Analyst Tracks Potential Golden Cross Setup

SUI Eyes $4 as Analyst Tracks Potential Golden Cross Setup

Author: Cryptofrontnews·

Key Takeaways

  • •SUI is nearing a golden cross, a technical pattern that forms when the 50-day simple moving average crosses above the 200-day average.
  • •Analyst Ali Charts identified previous golden crosses in December 2023 and October 2024 that preceded rallies of approximately 240.25% and 222.45%, and projects a similar advance could carry SUI toward $4.
  • •Trader Lennaert Snyder suggested long-position holders take 25% profits and place stops below the $1.10 low, setting a $1.33 target conditional on Bitcoin maintaining its local uptrend.
  • •SUI last traded at $1.1607 after recovering from roughly $0.68–$0.70 in mid-September, with immediate resistance at $1.20 and support at $1.10.
  • •Short-term momentum has cooled, with trading volume around 12.09 million SUI, an RSI of 51.92, and a negative MACD reading of -0.0103 below its signal line.
SUI Eyes $4 as Analyst Tracks Potential Golden Cross Setup

SUI is approaching a potential golden cross, one of the most closely watched trend signals in technical analysis, with its 50-day simple moving average nearing a move above the 200-day average. Analyst Ali Charts says the setup could precede a rally toward $4, based on how previous crossover patterns played out. Separately, trader Lennaert Snyder is tracking shorter-term price levels, including a $1.33 target, as the token consolidates around $1.16.

Ali Charts Points to Previous Golden Cross Rallies

According to Ali Charts in an X post, SUI is nearing a new golden cross — a technical pattern formed when the 50-day SMA crosses above the 200-day SMA. The analyst identified two previous instances, in December 2023 and October 2024, which were followed by rallies of approximately 240.25% and 222.45%, respectively. Ali Charts estimates that a similar advance of around 230% could take SUI toward $4 if the pattern repeats. Because moving averages are derived from past prices, the golden cross is generally treated as a lagging confirmation signal, and the analyst framed the projection as dependent on the setup actually repeating.

The current setup follows SUI's recovery from roughly $0.68–$0.70 in mid-September. The token climbed back above $1.00 before reaching approximately $1.25–$1.30 between September 18 and 22.

Snyder Watches $1.10 Retest and $1.33 Target

Lennaert Snyder highlighted SUI's reaction to the $1.10 level, which he had identified as a 50% retracement. Three days after that assessment, SUI retested the area and held with limited downside movement. Snyder suggested that traders holding long positions consider taking 25% profits and placing stops below the $1.10 low. He set a $1.33 target, conditional on Bitcoin maintaining its local uptrend.

Snyder is also monitoring Bitcoin's potential move toward $82,000. If that occurs, he identified $1.03 — a previous range-high retest — as a possible level for continuation longs. Tying SUI's levels to Bitcoin's chart reflects a common practice among altcoin traders, who often map their setups against the market's largest asset.

SUI Consolidates as Short-Term Momentum Cools

SUI last traded at $1.1607, with its latest four-hour candle gaining 1.12%, according chart data on TradingView. After retreating from around $1.27–$1.28 toward $1.10, the token stabilized near $1.16. Immediate resistance sits at $1.20, followed by the $1.25–$1.30 zone. Support remains at $1.10, while $1.00–$1.05 forms a broader structural area.

Trading volume stood at approximately 12.09 million SUI, below the larger spikes recorded during the rally. The relative strength index (RSI) was 51.92, slightly below its 52.26 average, while the MACD read -0.0103 against a signal line of 0.0193. The MACD histogram also showed -0.0103, reflecting weaker short-term momentum. With momentum cooling, the near-term markers for both setups are whether the 50-day SMA completes its move above the 200-day and whether Bitcoin holds the uptrend Snyder tied to his $1.33 target.