Key Insights:
- SUI maintains higher highs and higher lows, showing continued buyer control since early 2023.
- Double bottom at $3.4 signals strong support, keeping the bullish trend structure intact for now.
- RSI momentum and rising volume suggest potential breakout targets between $4.8 and $5.5.
SUI continues to build strength in the market, trading around $3.65 with a 24-hour volume of $1.12 billion. The token’s price has remained steady, rising 0.04% over the last day and 10% over the past week.
Market analyst Chris noted,
“Technically speaking, $SUI is the best large cap altcoin setup in the entire market right now.”
However, Charts show a clear pattern of higher highs and higher lows since 2023, signaling that buyers remain in control.
SUI is also trading above the weekly Ichimoku cloud, a sign of ongoing bullish momentum. The current price structure suggests that the trend is intact, with support holding firm even after short-term consolidation phases.
Double Bottom Reinforces Support Around $3.4
On lower timeframes, the price action shows a double bottom pattern near the $3.4 area, confirming strong buying interest at that zone.
BitGuru commented,
“As long as it holds this support, I’m expecting a potential bounce back toward $3.7–$3.9.”
This pattern has become a focal point for traders watching the next move. The $3.4 level has repeatedly attracted accumulation, and maintaining that support could help SUI extend its rebound. A break below it, however, might pause short-term momentum.
Momentum Building for Next Upside Target
The RSI indicator is gradually rising, suggesting that momentum remains on the buyers’ side. If strength continues, SUI could look to test resistance near $4.8 to $5.5, an area that may define the next leg of the trend.
The broader setup still points upward, with price action forming a healthy sequence of retracements and recoveries. As long as the structure of higher lows continues, the outlook remains constructive.
Traders Eye Potential Breakout
Market sentiment around SUI has turned more optimistic. Trading activity remains consistent, and the current pattern suggests that a new higher high may be forming.
If buying pressure sustains above $3.7, SUI could push toward the next resistance zone, potentially targeting the $5.5 region in the coming sessions. The trend structure and on-chain interest both suggest that bulls still have control of the market.
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