- SUI holds key Fibonacci support at $3.50–$3.60, setting up for a possible breakout to $5.30.
- On-chain data shows record DEX volume and rising user activity, boosting SUI network strength.
- Analysts expect a fourth impulsive wave if volume increases and resistance at $3.91 is broken.
SUI is currently trading at $3.51, down from a recent high near $4.20. Although short-term pressure has slowed momentum, analysts continue to track key technical structures suggesting a possible strong move. With a breakout structure forming and rising network metrics, the $3.50–$3.60 Fibonacci zone could trigger a parabolic rally.
Golden Fibonacci Zone and Technical Structure Support Breakout
According to analysis prepared by Bitcoinsensus, SUI has formed an ascending wedge with higher lows and steady support near $3.70. The price has completed three impulsive waves, and analysts expect a fourth if momentum returns. The 0.5 Fibonacci retracement at $3.54 and the 0.382 level at $3.11 are key support zones.
The 200 EMA on the 4-hour chart rests near $3.52, acting as a strong pivot. The Bollinger Bands are tightening, suggesting compression before a breakout. According to an observation by Solberg Invest on X, the breakout from a falling wedge pattern sets a mid-term target near $5.30.
Short-term resistance remains at $3.71 and $3.91. A move above $3.91 with volume could open the path toward $4.20 and higher. Analysts are monitoring this consolidation range closely as it nears a decision point.
On-Chain Data Shows Expanding Usage and Network Strength
According to insights from Michaël van de Poppe, SUI has reached new highs in decentralized exchange (DEX) volume. This growth signals more user activity and rising liquidity, both of which support sustained price growth over time.
Santiment data shows strong stablecoin inflow into the SUI ecosystem, indicating that large players are active. Daily active users have tripled in three months, suggesting expanding demand for SUI-based DeFi applications.
Analyst Mags observed that SUI consistently rebounds from local bottoms, forming new highs each time. With the current Fibonacci zone holding firm, analysts expect the next impulsive move to begin once volume returns.
