SUI’s Strong January Momentum Positions It for Potential $2.39 Surge

SUI is showing notable strength as it breaks out of a prolonged consolidation phase, with robust support levels solidifying. Growing bullish sentiment has traders eyeing January for significant upward momentum. Currently priced at $1.80, sui has experienced a minor 1.43% dip over the past 24 hours.

The daily chart structure reveals resilience above the $1.73 level. TradingView data indicates SUI has breached the $1.73-$1.79 resistance zone and is now hovering NEAR $1.80. The token remains firmly above the 50-day moving average and is approaching the 200-day moving average. The RSI, at 65.7 after retreating from 70, suggests room for further growth without entering overbought territory—provided it sustains above $1.79.

Analyst Ali Charts recently highlighted a channel breakout on X, validating the bullish setup observed on TradingView. The $1.79 level is pivotal, with a projected target of $2.39—representing a 33% surge if momentum holds. This aligns with current chart dynamics, reinforcing Optimism for SUI's trajectory in the digital asset space.