- SUI is testing a rare convergence of the 50, 100, and 200 EMAs alongside the upper resistance of a bullish flag formation.
- A breakout above the $3.10 level may unlock a potential price rally toward $5, aligning with a previous high-volume price node.
- Trading volume nears $1 billion as price compresses within the bullish flag, signaling growing interest and momentum for a potential breakout.
SUI is testing a rare resistance confluence, bringing attention to a potential bullish breakout. The setup combines critical exponential moving averages with a bullish chart structure targeting a $5 price level.
SUI Approaches Quadruple Resistance Confluence
The SUI token is trading near $2.92 as of writing, encountering layered resistance that includes the 50, 100, and 200 EMAs. Alongside this, the asset is testing the upper boundary of a Bullish Flag formation—typically viewed as a continuation pattern in trending markets.
Market data shows a recent bullish impulse candle attempting to pierce these technical layers in a single move. The convergence of the three moving averages which had been sloping dow before now started to flatten out. The alignment is typical when momentum shifts from bearish to bullish and adds further weight to the current price zone.
With $3.10 identified as the breakout threshold, price confirmation above this level could establish a new short-term trend toward the $5 region. The $5 target also aligns with a high-volume node observed in past price activity, which could provide added support for bulls.
Bull Flag Formation Reinforces Breakout Potential
A tweet from analyst Alex Clay pointed out that SUI is “testing the resistance confluence of EMA 50 + EMA 100 + EMA 200 + resistance of the Bullish Flag,” calling it an “easy trade” toward $5. The structure of the flag, which has shown price compression followed by an upward thrust, fits common breakout criteria.
This compression pattern often leads to high-momentum moves, particularly when reinforced by large trading volumes. Over the last 24 hours, SUI has registered nearly $995 million in trading volume, indicating strong participation.
Although a daily price contraction of 2.25% is taking place, SUI has gained almost 10% in price this week. This indicates that overall interest is still intact despite short-term fluctuations. Momentum may build rapidly if the current resistance is broken.
Traders Monitor $3.10 Break for Confirmation
The $3.10 level now acts as a key marker for traders and technical analysts. A decisive close above it may validate the flag breakout and initiate a rally.
The current setup, which includes the aligned moving averages and the bullish pattern, has created conditions that often lead to swift market reactions. Traders appear to be awaiting confirmation, as volume and chart structure indicate readiness for a strong directional move.
If buyers maintain control above the breakout zone, the $5 target remains well within range.
