SUI Price Set to Soar: Analyst Predicts a Target of $6.5 

• SUI shows strong support and a 70% upside, targeting $6.5 based on Fibonacci levels.  
• RSI indicates SUI is oversold, hinting at a powerful rebound in the coming sessions.  
• The 100-day EMA acts as dynamic support, signaling SUI is primed for a bullish move.  

SUI, currently trading near $3.8174, has reached a critical juncture in its price trajectory, according to technical analyst CryptoBullet1. The 1D chart suggests that the token has hit a robust horizontal support zone, complemented by confluence with the 100-day Exponential Moving Average (EMA) at $3.7745.  

Additionally, SUI briefly wicked below the support, indicating the potential formation of a price floor. The analyst anticipates a sharp reversal, targeting $6.5 in the coming sessions—a significant 70% upside from the current level.

One of the most compelling indicators backing this bullish thesis is the Relative Strength Index (RSI). With a 14-day RSI value of 36.04, SUI is at its lowest oversold level since August 2024—right after the last major market correction. Historically, such low RSI levels have marked pivotal turning points for SUI, providing ample room for an upward rally. CryptoBullet1 points out that this RSI reset is “almost full,” creating a textbook setup for buyers to step in aggressively.

Key Technical Levels and Fibonacci Insights

Zooming in on the technical levels, SUI has managed to reclaim the 0.786 Fibonacci retracement level—a zone that has historically acted as a springboard for bullish moves. CryptoBullet1 has drawn a bullish projection using the Fibonacci extension tool, with the 1.618 extension level aligning precisely at the $6.5 target. The green arrow on the chart suggests that a bounce from the current support zone is likely, forming a higher low and confirming the start of a new upward impulse.

The token’s interaction with the 100-day EMA adds further weight to the bullish narrative. During its previous uptrend, SUI used this EMA as dynamic support, and the current price action hints at a similar pattern repeating.

What’s Next for SUI?

If SUI maintains its support above $3.7745 and completes the predicted higher-low structure, a breakout toward $6.5 becomes increasingly probable. However, traders should keep an eye on volume dynamics and macro market conditions to confirm the move. The projected price of $6.5 represents a retest of previous highs, where SUI encountered resistance during its last rally.

For investors holding long-term positions, CryptoBullet1 advises, “Stay focused, hold your bags tight. We’re going higher!” The analyst’s bullish conviction reflects both technical confidence and market sentiment analysis.

SUI’s current setup offers a high-risk, high-reward opportunity for market participants. With the RSI reset, support confluence at the EMA, and Fibonacci alignment, CryptoBullet1’s prediction for a $6.5 target appears well-founded. However, as always, traders should approach with caution, keeping risk management strategies in place.