Technical analysis by mbaberhanif about Symbol SUI: Buy recommendation (5/20/2025)

SUI shows a strong upward trend that began in April 2025, following a prolonged downtrend from January to March. The recent price action forms a bullish flag pattern—characterized by consolidation within parallel downward-sloping channels—signaling a continuation of the previous uptrend. The chart highlights two such bullish flags, with the most recent breakout occurring near the $3.80 level. A long trade setup is illustrated, with a stop-loss around $3.50 and a take-profit target near $5.00. This setup suggests a favorable risk-to-reward ratio and implies bullish sentiment as the asset attempts to resume its uptrend, aiming to break past prior resistance levels.