SUI holds a support level of $3.00, with bulls aiming for a resistance level of $3.50, the structure remains intact.

SUI closed up 4.15% this week, reclaiming the $3.00 mark, supported by a clear trend line. Although the price movement remains volatile, the structure remains solid with funds shifting towards a significant support level around the $2.30 to $2.90 range.

The price holds above the trend line, with a target level at $3.50.

SUI maintains an upward trend on the weekly chart, with the latest candlestick closing at $3.02 after the third test of the trend line. According to BATMAN, the $2.30 to $2.90 range continues to act as a strong demand barrier, triggering rebound responses during significant pullbacks. This range is also consistent with the rebound trends from April and June, forming higher lows above the diagonal trend line.

The trend line itself extends from the $60 starting point in August and still supports the current momentum. The price broke through $2.90, reclaiming the previously restrictive resistance level. As the $3.50 level is the next key testing point, SUI still has room for further upward movement towards the prior resistance area.

As long as the weekly chart remains above the ascending structure, the market narrative leans towards the continuation of a bullish pattern. The rebounds in March and May near $3.50 add momentum to the breakout narrative. Through a clear response to visible trend support levels, momentum continues to strengthen.

Historical rebound levels confirm the breakout context.

The current circulating supply is 3.45 billion, with a maximum supply of 10 billion, and the fully diluted valuation is close to $28.9 billion. The trading volume in the past 24 hours reached $858 million, and strong capital flow confirms market participation during the consolidation period. The overall influence and investor attraction in the DeFi sector remain active.

As SUI contracts between its long-term trend line and recent resistance line, traders will focus on the pullback to $3.50. If it fails to hold the $2.30 to $2.90 range, the current momentum will invalidate, opening up risks for a decline to $2.00. Before that, the structural trend will lead the market, and SUI still needs to be monitored.