Based on NewsBTC, BeLaunch has outlined potential scenarios for SUI’s price movement, suggesting the token could break out from a key resistance level and head toward new highs. The analysis highlights that SUI is at a critical juncture, with a primary scenario (8/10 probability) indicating a possible breakout above the red dashed resistance line, potentially triggering a strong upward move. On-chain data shows Total Value Locked (TVL) holding around $1.4 billion and Daily Active Users (DAU) rising to nearly 900,000, though a move above $2 billion in TVL would signal stronger momentum. SUI’s price remains lagging, suggesting it may be in an accumulation phase ahead of a potential rally.
SUI Eyes $20 Target Amid Technical and On-Chain Recovery Signs
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