$SUI has reclaimed the $3 level after a 9% daily gain, forming a bullish cup and handle pattern on the weekly chart. This setup, combined with a 164% spike in trading volume and rising open interest, suggests a potential rally toward $6. Technical indicators like RSI and ADX support the bullish momentum, while network activity (TVL at $1.84B) is also increasing.

However, a drop below the handle’s support or the upcoming $123M token unlock could shift sentiment. For now, the outlook remains optimistic if resistance holds.