Recently, the price movement of SUI Token has attracted widespread attention in the market. Technical Analysis shows that SUI is forming a positive price pattern, which may indicate a significant shift in market structure.

From a technical perspective, the price chart of SUI shows a cup and handle breakout pattern, which is often seen as a bullish signal. Currently, the trading price of SUI is around $3.6, slightly above the key support level of $3.33. If it can break through the resistance level of $3.83, it may initiate a wave of upward movement, with potential target price levels including $4.36, $4.84, and possibly reaching $5.91 and $6.98.

It is worth noting that some analysts are optimistic about the prospects of SUI, believing that its price could rise to $7.5, which would mean an increase of more than 100% from recent lows. This prediction is based on the double bottom recovery and continuation pattern observed on the daily chart.

However, market movements are not only influenced by technical factors; the regulatory environment also plays an important role. Recently, discussions between Mysten Labs and the United States Securities and Exchange Commission (SEC) have sparked speculation in the market about potential related policies, which could have a significant impact on the future price movement of SUI.

Overall, the long-term price movement of SUI seems to remain positive, especially with 3.18 USD continuing to serve as effective support. However, investors should approach these predictions with caution, as the volatility of the cryptocurrency market can significantly affect actual trends, which may be influenced by various factors. Before making any investment decisions, it is advisable for investors to conduct thorough research and risk assessment.