Crypto

This is why Suis Price could soon reach $ 4.40, explains Expert

SUP is gaining momentum after exceeding keys resistance levels, with data on prices action and liquidity pointing to a possible movement around $ 4.40. Analysts according to the CIT CIT cite Brewouts and Cluster SELL Orders as key engines behind the current bullish configuration. These developments have placed on among the most watched altcoins for potential movement in the coming days.

The expert in crypto Michaël Van de Poppe and the high -level analyst Chris shared upward opinions on Suit Price, although from different analytical angles. Van de Poppe highlighted the broader change of trend and the strong feeling of ecosystem, while Chris highlighted visible liquidation levels between $ 4.10 and $ 4.40 on the order book.

Suis Breakout Structure suggests a new trend up

The weekly graph shows that Suis Price has left a clear drop -down structure that has persisted for several months. This decision is part of a recurring model. The previous eruptions in November 2023 and August 2024 led to trend changes marked by higher highs and higher hollows.

The price increased by around 12% this week, negotiating above $ 3.65. It exceeded an old resistance range of $ 2.75 to $ 3.50. The volume supporting this escape is higher than the average, which suggests the participation of buyers.

Analysts describe this as a continuation of a longer -term bullish structure with the SUP Next price targets almost $ 4.00 and $ 4.20. The RSI also tends to increase, oscillating above 60 but below the exaggerated territory.

Source: X / Michaëlvandepoppe

In addition, Michaël Van de Poppe, who visited the Suis Basecamp event, reported great energy among developers and construction projects within the SUC ecosystem. He noted a clear escape from a downward diagram in the graphics and a coherent growth of the total locked value (TVL). He suggested that SUP could emerge as one of the strongest artists in the current market cycle.

This feeling aligns with the technical momentum, because the trend structure of the token confirms a change after months of consolidation and correction.

Read also: did the $ 700 million mystery: Has Cardano calmly grasp the ICO funds?

The following analysis points to the key liquidity zone

A separate graph, shared by Chris, used a Heatmap command book combined with volume profile data. He highlighted a dense liquidity zone between $ 4.10 and $ 4.40, often called liquidation cluster. This area contains several major sales orders and potential levels of uncovered sellers.

Suis Price approaches this area after a passage of a consolidation range close to $ 3.00 to $ 3.60. The volume profile shows a region with low activity between $ 3.75 and $ 4.00. When the tokens grab these shortcomings, prices are accelerating often. If you lost on $ 4.00 with volume, the momentum could trigger a liquidation chain reaction up to $ 4.40.

Source: X / Chris

Short -term suits to monitor

The support is now from $ 3.00 to $ 3.20, which served as a basis during the recent consolidation. Minor support also exists around $ 3.50. The range of $ 4.10 to $ 4.40 could act as short -term resistance. An escape confirmed above this level can cause a new price exploration to $ 5.00 and beyond.

Analysts suggest Look closely at the behavior of the volume and price suis The $ 4.00 brand to determine if the move continues or the stands.

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