SUI Price Surges, Analyst Sees $3.25 Target as Market Optimism Grows

• SUI targets $3.25, driven by strong buying interest and Fibonacci extension levels, highlighting a bullish market trend.
• The $2.20 and $1.79 support zones provide stability, reinforcing investor confidence as SUI continues its uptrend.
• SUI’s price faces psychological resistance near $3.00, with $3.50 in sight if momentum sustains above this key level.

According to analyst CryptoBullet, the price action has set SUI apart, with a notable target at $3.25 driven by Fibonacci extension levels and bullish sentiment. This surge, boosted by increasing trading volume, reflects significant market enthusiasm.

Key Price Levels and Fibonacci Extensions

At press time SUI was trading at $2.97, up by 27.53% in the past 24 hours. Fibonacci retracement and extension levels frame SUI’s key support and resistance points, offering insight into potential future moves.

The 0.618 Fibonacci level, around $1.79, has provided a foundation of support in prior retracements. SUI overcame resistance near the 1.0 extension at $2.20, signaling strong upward momentum. Currently, the 1.618 Fibonacci extension level of $3.25 stands as the next anticipated resistance level, serving as a potential level if the uptrend holds.

Support Levels Reinforce Market Stability and Uptrend

SUI’s recent breakout above $2.20 shows a shift, as this level could now act as a primary support if prices pull back. This foundation could boost confidence among buyers aiming to sustain the rally. 

Should the price retrace, $2.20 and the 0.618 Fibonacci level at $1.79 offer layered support. Maintaining strength above these zones would likely sustain positive sentiment and buying interest in the short to medium term.

Bullish Momentum Signals Strong Rally

SUI’s price has been steadily surging, propelled by a series of green weekly candles and strong volume. Short-term resistance is evident around $3.00, a psychological level that may temper gains temporarily. 

A daily close above this point, however, would likely pave way for further advances, with $3.25 as the next target. Beyond that, $3.50 could act as a significant level for SUI, though any overextension at higher levels could prompt profit-taking and potential consolidation.