- SUI holds above its weekly trendline with $3.50 in sight, after rebounding cleanly from the $2.30–$2.90 support zone.
- SUI trades at $2.89 after a 4.15% weekly gain, with bulls defending structure and eyeing a breakout beyond $3.50.
- After retesting diagonal support for the third time, SUI maintains upward momentum with $4.50 as the next target.
SUI has reclaimed the $3.00 level after closing the week up 4.15%, supported by clean trendline interaction. While price action remains volatile, the structure holds firm as capital rotates into visible support near the $2.30–$2.90 range.
Price Holds Trendline While Eyes Target at $3.50
SUI has maintained its weekly uptrend, closing the last candle at $3.02 after a third test of the trendline. According to BATMAN, the $2.30–$2.90 zone continues acting as a powerful demand block, triggering bounce reactions during major corrections. That band also aligned with April and June rebounds, forming higher lows above the diagonal trendline.
The trendline itself stretches from August’s $60 origin and still supports current momentum. Price broke back above $2.90, reclaiming resistance that previously capped relief rallies. With the $3.50 level sitting as the next key test, SUI has room to stretch higher into prior rejection territory.
As long as the weekly candles stay above the ascending structure, the market narrative favors a bullish continuation. The previous rejections in March and May near $3.50 add confluence to this breakout setup. Momentum continues to build through clean reactions across visible trend support.
Historical Rally Levels Confirm Breakout Context
SUI now trades at $2.89, ranking #15 globally with a market cap of $10 billion and 3.8% daily gains. It has posted a strong upside from July 2024, when the token hovered near $0.50 before igniting a vertical run into Q4. By November, SUI had cleared $3.00 and reached above $5.00 by early January 2025.
Source: Coingecko
That parabolic rally triggered a natural correction, with SUI falling to $2.00 in April before reclaiming ground. A second recovery in May pushed SUI back to $3.80, though the price has since retraced to its current level. Importantly, no structural breaks have occurred.
The circulating supply now stands at 3.45 billion, out of 10 billion max, with a fully diluted valuation near $28.9 billion. Trading volume over the past 24 hours hit $858 million-strong flow confirming engagement during consolidation. The total footprint across DeFi and investor traction remains active.
As SUI compresses between its long-term trendline and recent rejections, traders will monitor reaction at $3.50. Failure to hold above the $2.30–$2.90 band would invalidate current momentum and open downside risks toward $2.00. Until then, structure leads and SUI remains on watch.
