SUI breaks above $2.85 with strong volume, ending a multi-week downtrend that started in May and flipping momentum bullish.
After reclaiming $2.67 and flipping $2.9467 into support, SUI builds higher lows with rising RSI and aggressive buyer interest.
SUI now targets the $3.00–$4.00 zone as structure turns bullish, volume strengthens, and market cap climbs above $10.1 billion.
SUI has broken free from its multi-week descending channel, flipping short-term structure from bearish to bullish. The move came as the price cleared $2.85, backed by strong volume and a bullish engulfing candle.
SUI has moved decisively above the upper boundary of its descending trend, ending a correction phase that began in May. This resistance capped every rally for weeks until today’s push shifted control to buyers. Price now prints at $2.8867 after gaining 3.92% on the day.
Source: (X)
The breakout flipped $2.9467 into a buy zone, reversing what was previously strong intraday sell pressure. Price has reclaimed the mid-range zone between $2.74 and $2.85, a key consolidation area during recent retracements. SUI now holds both the above dynamic trendline resistance and prior supply zones, signaling a structural shift.
RSI on the 8-hour chart remains above 50, validating the strength of this breakout without divergence. Momentum is rising as higher lows from late June stack cleanly with the latest move. With price trending above its short-term EMAs, the technical setup suggests an expanding upside phase.
$3.00 Becomes a Psychological Battleground for Bulls
Volume has risen steadily with each candle, confirming real participation across both retail and institutional interest. The $3.00 resistance is now in focus, acting as the next logical test as SUI pushes from breakout territory. Short-term buyers are defending support aggressively, especially between $2.85 and $2.95.
Source: CoinGecko
The intraday structure reflects clear demand after reclaiming $2.67 and bouncing off $2.65 with volume. This low formed the final wick before reversal and now anchors the current momentum shift. The chart also confirms a clean pattern of higher highs forming from that point.
SUI has printed multiple green candles back-to-back, each supported by volume. Its 24-hour gain of 10% pushed the token’s market cap to $10.18 billion and locked it in at rank 15th. Trading volume reached $1.06 billion, outperforming broader market peers and even Bitcoin by BTC pair metrics.
With 3.45 billion SUI tokens circulating and a fully diluted cap of $29.47 billion, the valuation remains aggressive. But price behavior, structure, and volume tell the real story. This breakout has energy behind it, and that $4.00 zone from earlier highs may not stay untouched for long.
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