Technical analysis by CryptoSkullSignal about Symbol SUI: Buy recommendation (7/12/2025)

S SUI/USDT Breakout Analysis 1D Chart: SUI has broken out of a clear falling wedge pattern on the daily timeframe — a bullish reversal structure. This breakout is significant, especially with strong volume confirmation and price now trading above both the wedge and the 50 EMA. 🔸 Support $3.05: The 50 EMA aligns closely with the $3.05 level, now acting as a solid support. Retesting this area successfully would validate the breakout further. 🔸 Upside Target: $5.5 The projected move based on the wedge's height suggests a run toward the $5.0–$5.5 zone, especially if bulls maintain control. 🔸 Risk Level at $2.80: A daily close back below the wedge and 50 EMA would invalidate the bullish breakout and suggest caution 🔸 Watch for a potential retest of $3.05–$3.20. If this zone holds, it could be a strong entry area with upside potential toward $4.0, $4.7, and $5.5 in the coming weeks.