Recently, the cryptocurrency market has shown positive market sentiment, combined with the frenzy of the meme ecosystem, the price of SUI has achieved an astonishing increase of up to 75%, creating a wave in the cryptocurrency market. Its price has surged, successfully reaching the key psychological price level of $4, and this upward trend has also brought substantial profit returns to SUI traders.
From the market performance perspective, SUI has become one of the most outstanding cryptocurrencies on the CoinMarketCap platform this week, with a weekly increase of 70%, slightly less than the TRUMP coin related to Trump, highlighting its strong market performance.
Looking back at SUI's price trend, this cryptocurrency has steadily climbed from $2.1 to $3.8 over the past five trading days, successfully recovering nearly half of the decline since 2025, demonstrating a strong price recovery ability.
The current market focus is on SUI's next price target: will $4 become its next stronghold? Historically, SUI once reached a peak of $5.3, but faced market headwinds in the first quarter of this year, leading to a significant price pullback of up to 68%, with prices temporarily falling below $2.
However, there have been signs of short-term improvement in the macro market environment, with BTC prices rebounding strongly and successfully breaking through the important threshold of $90,000, injecting positive factors into the overall sentiment of the cryptocurrency market. Against this backdrop, the SUI price has begun to rise, and the meme coin frenzy within its ecosystem has further propelled this increase, helping the price climb to higher levels.
As of now, the SUI price is stabilizing around $3.6, which still has about a 48% upside potential compared to the historical peak of $5.3. From a technical analysis perspective, SUI's price has successfully broken through several key resistance levels on the daily chart, including the 200-day moving average and the $3.5 price level, demonstrating strong upward momentum.
However, the road ahead is not smooth. The $4 price level will be an important test for the price trend of SUI. This price point was a key resistance level for price breakout in late January and also has supply zone characteristics, so market selling pressure may be relatively significant. In addition, the relative strength index (RSI) has entered the overbought zone, indicating that there may be overheating risks in the market in the short term, with the possibility of price pullback pressure or trend reversal.
If the SUI price experiences a pullback, the $3.5 level or the 200-day moving average will become key support levels. If the price receives effective support in this area, it may provide new buying opportunities for investors. Conversely, if the price effectively falls below the 200-day moving average, it may signal a market reversal, and investors need to closely monitor the price's support strength at this key level.
From the perspective of market capital flows, recent signs of profit-taking have appeared in the SUI market. According to net flow data from Coinglass exchange, approximately $27 million worth of SUI tokens have been transferred to mainstream cryptocurrency exchanges such as Binance, Coinbase, and Kraken in the past 12 hours. This change in capital flow suggests that some investors are choosing to cash out profits at the current price levels, leading to increased selling pressure in the market.
In terms of liquidity distribution, the price range of $3.1 - $3.3 has become the focus of the market. This area has sufficient liquidity and potential price attractiveness, echoing with the support level of the 200-day moving average on the daily chart. If the SUI price experiences a pullback, this area is expected to become an important price support level, providing potential buying opportunities for investors.
Overall, the recent 75% weekly increase in SUI has attracted widespread market attention, but profit-taking pressure is gradually becoming evident. Although the bullish forces in the market are still trying to push the price towards the $4 target, the RSI overbought signal indicates that the market may face short-term adjustment pressure.
