Sui (SUI) is one of the stars on this week's CoinMarketCap gainers list, with a rise of up to 70%, second only to the Trump (TRUMP) meme coin.
This round of gains has seen SUI soar from $2.1 to $3.7 over five consecutive days, nearly erasing more than half of the declines since 2025.
Will SUI challenge the $4 mark?
Looking back in history, SUI once reached a high of $5.3 in its early days, but fell sharply under the bearish impact in the first quarter, with a cumulative decline of up to 68%, dropping below $2 at its lowest.
However, with a brief warming of the macro environment this week, Bitcoin has returned above $90,000, driving SUI to a explosive rebound. The meme coin frenzy in the ecosystem has also further boosted its price performance.
As of the time of writing, SUI is priced at $3.6, with approximately 48% upside potential to its historical high. From the daily chart, SUI has strongly broken through key technical resistance levels, including the 200-day moving average (blue) and the $3.5 area.
The next major resistance will be $4, a level that served as both a breakout point and a strong resistance at the end of January. Meanwhile, the RSI has entered the overbought zone, indicating that the market may experience some cooling or price correction in the short term.
Nevertheless, if the price experiences a pullback, around $3.5 and the 200-day moving average may become new entry points. However, if it falls below the 200-day moving average, bulls should be cautious of risk signals indicating a market reversal.
Is profit-taking beginning to brew?
According to Coinglass data, short-term speculators of SUI seem to have begun cashing out. Approximately $27 million in SUI has been transferred to exchanges such as Binance, Coinbase, and Kraken in the past 12 hours, indicating that some investors may be preparing to sell.
The liquidity heat map shows strong support in the $3.1 to $3.3 range, which also coincides closely with the 200-day moving average; this area will become a key observation point for short-term trading.
Although SUI achieved a strong rise of 75% this week, signs of RSI overheating and capital inflow into exchanges suggest that it may enter a correction phase in the short term. The 200-day moving average will become the focus of the upcoming bullish-bearish battle, and market momentum changes should be closely monitored.
