SUI Price Outlook: Is $5 the Next Target After the Breakout?
Sui (SUI) is showing renewed bullish momentum, having broken through key resistance levels and flashing strong technical signals that hint at a continued upward move. Both the daily and hourly charts paint a picture of a well-formed uptrend, putting the $5 mark in focus as the next psychological milestone.
Daily Chart Overview
SUI has mounted a strong recovery from April lows near $1.80. After a prolonged consolidation phase, the price has pushed above the 50-day and 100-day moving averages. Currently trading around $4.09 — a 1.86% daily gain — it sits comfortably above the 20, 50, 100, and 200-day SMAs. Notably, the 20-day SMA has crossed above the 50-day SMA, a textbook bullish sign. The breakout past resistance at $3.50–$3.80 is further supported by an upward-sloping Accumulation/Distribution Line, signaling growing investor interest and solid volume strength.
Hourly Chart Perspective
The short-term chart confirms continued strength. After repeatedly testing the $3.80 level, SUI surged past $4.20 before a minor retracement. All short-term SMAs (20, 50, 100, and 200) are aligned bullishly. Despite a brief cooldown, the price holding above the 20-SMA suggests the trend remains intact. Volume spikes during rallies and stable accumulation during dips point to strong buying behavior. As long as SUI holds above $3.95, another move upward seems likely.
With these bullish signals, the $5 level could be within reach — but as always, this is not financial advice. Do your own research (DYOR) before making any investment decisions.