Can It Smash Through $2.70?

Key Insights:

• SUI trades above support and moving averages, building short-term strength after a sharp drop.
• Momentum indicators show recovery, with RSI neutral and MACD confirming a bullish crossover.
• Traders focus on $2.70 breakout level, with $3.00–$3.50 as possible next upside targets.

Sui (SUI) was trading at $2.46, bouncing back from a recent low near $2.30. The token is up 2.3% in the last 24 hours, but still down 8.4% over the past week. This recovery follows a sharp drop, with the price now back above short-term support.

Volume has picked up during the bounce, and price is holding above the average cost basis at $2.3432. This level now acts as a reference point for buyers. The structure on lower timeframes shows a steady move upward, supported by rising volume and price stability above key intraday levels.

Short-Term Trend Shows Strength

SUI has moved above its 5, 10, and 20-period moving averages on the hourly chart. All three are sloping upward, a sign that short-term price action is favoring the upside.

The RSI has moved from oversold into neutral territory, showing that selling pressure has slowed. The MACD has turned positive, with a bullish crossover in place. This setup is often used to gauge early signs of trend reversal, especially when volume supports the move.

Traders Watch $2.70 Zone

The $2.70 level remains an active resistance zone. Price was previously rejected in this area, making it a key point for traders looking for a breakout. A move through this level would signal renewed strength.

On X, German noted, “$SUI showing slight bullish momentum!! Lev. trade looks good here,” referring to the current price structure. The move above $2.45 is being closely watched, with many traders expecting further upside if $2.70 is cleared.

Long-Term Support Zone Revisited

On the higher timeframe, SUI has returned to the $1.80 to $2.40 range, which has served as an accumulation zone since late 2023. Past price history shows several rebounds from this area.

CryptoPulse posted, 

“$SUI has re-entered the accumulation zone… If momentum picks up later this Q4, $SUI could rally back to retest the $4–$5 zone again.”

 The price is now testing the upper boundary of that range. A clean push above could open the way toward $3.00 and beyond if buying interest holds.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.