SUI price continued its bullish trend, benefiting from growing demand for altcoins and potential market recovery. After breaking out of a falling channel, SUI consolidated between the 23.60% and 50% Fibonacci levels, reclaiming the $1.00 mark. It's currently trading at $1.1079, up 139% from its low of $0.46 on August 5th.

Technical indicators show bullish momentum, with EMAs nearing a golden crossover and the MACD signaling strength. The recovery rally is poised to exceed the 61.80% Fibonacci level at $1.2371.

With a strong rally, SUI could target $1.55 and $2.07, with an optimistic year-end goal of $4.8051, presenting over 300% upside potential.