$SUI Has recently broken out of a symmetrical triangle on the weekly chart, signaling strong bullish momentum. This breakout, supported by high trading volume, suggests a continuation of the uptrend. The price is testing the $3.70–$3.90 resistance zone, with potential to revisit the recent all-time high near $5 if momentum holds.

Support Levels: Immediate support lies at $3.10–$3.50, aligning with the 20-day and 50-day exponential moving averages (EMAs). A deeper support zone exists at $2.57–$2.91, coinciding with the 0.618 Fibonacci retracement level from the August 2024 low to the January 2025 high.

Resistance Levels: The immediate resistance is at $4.20–$4.30, with a major resistance zone at $4.60–$5.00, based on historical highs. A break above $4.30 could push SUI toward $5.00, with further liquidity targets at $5.60 if bullish sentiment persists.

Key Technical Indicators Relative Strength Index (RSI): The RSI is currently at 72–74.35 across various sources, indicating overbought conditions. This suggests caution for short-term traders, as a pullback could occur if buying pressure wanes. However, the RSI’s strength reflects robust bullish momentum.

Moving Averages (MAs): SUI is trading above its 20-day, 50-day, and 100-day EMAs, with the 200-day EMA at $3.03 acting as a strong demand zone. The 50-day simple moving average (SMA) is sloping upward, reinforcing the bullish trend. A Golden Cross (50-day EMA above 200-day EMA) supports long-term bullish sentiment.

Price Prediction for July 2025 Bullish Case: If SUI holds above the $3.50 support and breaks the $4.20–$4.30 resistance, it could target $4.75–$5.00 by the end of July, with potential to reach $5.60 if momentum persists.

Bearish Case: A failure to sustain above $3.50 could lead to a pullback toward $3.20–$3.50, with deeper support at $2.91–$3.10. A confirmed breakdown below $2.57 would signal a bearish reversal, potentially testing $1.85–$2

DYOR!!