- SUI holds above $3.00 after breaking the downtrend, forming higher highs and higher lows on the chart.
- Trading volume rose to $2.53B as RSI stays near 60, supporting continued upward momentum.
- On-chain growth, $1.22B stablecoin supply, and rising user activity push SUI toward $5.00 resistance.
SUI has shown strong recovery during the recent market reversal, holding key support at $2.35 and breaking above the $3.00 resistance. The asset now trades in a bullish structure, reflecting growing confidence among market participants. At the time of writing, SUI was trading at $4.02.
Support Hold and Breakout Signal Technical Shift
According to analysis prepared by Michaël van de Poppe, SUI held firm at the $2.35 support and began a substantial rally after breaking its downtrend. The move above the $3.00 level confirmed a bullish breakout and shifted the technical structure to higher highs and higher lows.
The breakout triggered a sharp increase in trading volume and liquidations, confirming aggressive buyer participation. SUI also reclaimed the $2.70–$2.80 zone, which previously acted as resistance, reinforcing the trend reversal. Price continued rising and tested levels near $4.00, reflecting a steady climb supported by strong demand.
The volume increased by 1.54% in the 24-hour period to $2.53 billion. RSI (relative strength index) remained below overbought level, at about 60 indicating some potential good momentum. Market structure remains bullish as long as SUI holds above the $3.00 level.
On-Chain Growth and Ecosystem Expansion Fuel Optimism
SUI’s network activity has increased alongside its price rally. According to data shared by Wise Advice, SUI’s stablecoin supply reached $1.22 billion, with the network now ranked 13th by market cap. The number of daily active users has also risen sharply.
Recent ecosystem developments include the integration of tBTC through a partnership with Threshold Network. This expansion supports adoption among developers and institutions. Analysts are monitoring resistance near $5.35, which marks the all-time high recorded in January 2025.
If volume and user activity continue rising, SUI may retest previous highs. With strong momentum and a supportive structure, traders are currently watching for continuation toward the $4.50–$5.00 zone.
