SUIUSD: Enormous rally started, targeting $10

Sui just turned overbought on its 1D technical outlook (RSI = 70.835, MACD = 0.285, ADX = 33.014) but doesn't seem to even take a breather here as it rebounded on its 1D MA200, establishing it as its new long term Support. The underlying pattern of this Bull Cycle is a Channel Up and technically the market has started its new bullish wave. A +500% rise from the bottom (which was accomplished on both prior bullish waves) suggests a long term TP = $10.000.

See how our prior idea has worked out:

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