SUI reclaims $3.00 Fibonacci zone, reinforcing support and signaling a renewed bullish structure.
MACD, RSI, and EMAs show bullish momentum; price targets include $3.42, $3.75, and $5.30.
Despite lower volume, price holds above $3.25 with historical patterns pointing to breakout potential.
SUI has reclaimed the golden 0.382 Fibonacci retracement zone near $3.00, reinforcing short-term support. The token is currently trading at $3.27 and gaining bullish traction. A move above this zone often indicates the start of an upward trend, especially when paired with favorable technical signals.
Technical Structure Turns Bullish Above Fibonacci Level
SUI rebounded from the 0.382 weekly Fibonacci level near $3.00. This move has placed the price back into a bullish structure. The zone also aligns with the psychological support, creating a key pivot area for traders watching for a breakout.
https://twitter.com/ByCoinvo/status/1931029568175087742
A rising MACD histogram and a positive RSI near 56 on the daily chart suggest that momentum is building. The 4-hour chart shows price trading above the 20 and 50 EMAs. SUI has also broken out of a falling wedge, which often signals reversal. Bollinger Bands are widening, which often indicates growing volatility in the market.
The price recently retested the $3.15–$3.18 area, now acting as support. According to analysis prepared by Coinpedia Media, SUI could target $3.42 in the short term and potentially retest the $3.75 level. If these levels break, momentum may carry the token toward its all-time high of $5.3.
Breakout Watch as Chart Patterns Align with Historical Moves
SUI's recent price action shows similarities to past breakout phases. Historical data since mid-2023 shows a recurring pattern of sideways consolidation followed by upward spikes. Based on chart comparisons, some analysts believe the current setup resembles past rallies that moved the token by over 300%.
The RSI on the 30-minute chart is above 76, indicating short-term strength but also overbought conditions. However, the MACD and Ichimoku signals support continued upside if price holds above $3.25.
According to CoinMarketCap, SUI rose 6.37% to $3.27 as market cap reached $11.11B and circulating supply hit 3.39B. Despite a 29.45% drop in volume to $898M, price maintained upward momentum above the $3.06 mark. Support remains firm at $3.00 and $2.91, while resistance lies at $3.42 and $3.60.
The post SUI Reclaims $3.00 Fibonacci Zone, Here’s Why That Level Signals a Bullish Market Structure appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
