- SUI confirms bullish breakout above wedge pattern, holding strong above the $3.20 support level.
- Indicators show strong trend momentum, but RSI suggests short-term overbought conditions.
- Analysts target $5.10 and $6.48 as long as SUI maintains support between $2.95 and $3.10.
SUI has broken out from a descending wedge pattern, a move often viewed as a bullish reversal signal. This breakout, supported by growing volume and steady market structure, indicates that buyers are holding control. As long as SUI stays above the breakout zone of $2.95–$3.10, further upside is possible.
Technical Setup Favors Bullish Continuation
According to an observation by XForce Global on X, SUI recently retested a support zone and showed strong bounce potential. The current price of $3.51 is holding above the 200-day moving average at $3.25.
The trend remains positive while the asset stays above the $3.20 support level. The RSI stands at 92.81, which is above typical levels, suggesting the asset may be overbought in the short term.
However, the MACD continues to show strength, and the ADX reading of 45.1 confirms trend momentum. The Bollinger Bands remain tight, with only a 2.35% spread, often signaling a breakout.
Institutional Activity and Market Momentum Push Toward $4
Recent price action suggests the short-term correction phase may be ending. A post by crypto analyst Am Crypto stated that “SUI short-term correction seems to be over,” noting that a support retest has already occurred and bounceback is expected soon.
Rising network activity also points to increased demand for SUI tokens. The next resistance level lies between $3.56 and $3.73. Breaking and closing above this range could open the door to a retest of $4.
According to Kaleo on X, SUI is outperforming BTC and has the potential to break past this barrier. As long as SUI holds the long zone, targets of $5.1060 and $6.4860 remain valid. A return to the $2.95–$3.10 range could present a high-probability re-entry opportunity for traders.
