Technical analysis by ALGO_Trading_point about Symbol SUI: Buy recommendation (8/10/2025)

This is the SUI/USDT 1-hour chart. Pattern Identification: The price action is forming a Bullish Breakout with Continuation Pattern (similar to an Ascending Triangle). Price has broken above resistance around 3.88–3.90 and is now showing bullish momentum. The Ichimoku cloud is also acting as dynamic support. Targets: 1. First Target (local resistance): 4.14 – 4.20 2. Second Target (main target point marked on your chart): 4.35 – 4.36 This matches the “TARGET POINT” label in your chart. The second target would be reached if bullish momentum continues after breaking the 4.14 resistance. Summary: Pattern – Bullish Breakout / Ascending Triangle Target – 4.14 (TP1) and 4.35 (TP2).