$SUI $SUI SUI Breaks Key Resistance – Is This the Start of a Larger Bullish Cycle?
SUI (SUIUSDT) has shown a strong rebound, currently trading around $3.00 after surging from a low of $1.71 earlier this month. Let's break down what's happening:
Technical Overview:
Short-Term (1H):
SUI broke out of its consolidation range with high volume.
Price has exceeded the upper Bollinger Band ($2.82), indicating overextension.
RSI is above 87, and Stoch RSI is maxed out at 100 – a signal that a short-term pullback is likely.
Mid-Term (4H):
Momentum remains strong, with clean EMA and MACD alignment.
RSI at ~75 confirms strong bullish pressure, although slightly overbought.
Bollinger Band shows widening – momentum breakout likely to continue after brief consolidation.
Long-Term (Fundamental + Daily Chart):
Market cap: $9.73B with high trading volume ($2.69B) – strong market interest.
Ranked #12 globally, suggesting increasing investor confidence.
All-Time High (ATH): $5.35 on Jan 2025 – current price still far below ATH, room for upside.
With a 10B total supply, only 3.25B in circulation (~32.5%), there's supply-side potential if demand sustains.
Short-Term Prediction:
Neutral to Bearish – Overbought indicators may trigger a temporary correction or sideways movement.
Mid-Term Prediction:
Bullish – Strong breakout structure, good volume, and MACD crossover suggest continuation after a pullback.
Long-Term Prediction:
Bullish – Based on fundamentals, adoption potential, and market cap growth, SUI could retest $4.00+ or even challenge its ATH in the next major cycle.
Conclusion: SUI's breakout above $3.00 is a significant technical move backed by volume and momentum. While short-term cooling is expected, mid-to-long-term charts suggest that SUI is positioning itself for sustained growth.
Key Levels:
Support: $2.68 / $2.45
Resistance: $3.26 / $3.50+
