SUI: Bullish Setup Targets $5

SUI has bounced back strongly from the 20-day EMA at $3.14 as developers gain confidence in the chain. Token Terminal shows 23% increase in daily active developers and consistent smart contract deployment. This is bullish for SUI as it’s one of the most active layer-1s.

Price is hovering around at $3.60 to $3.80, the next level is $3.90. A break above that could lead to $4.25 and eventually $5. But 50-day SMA at $3.29 is the key support; a break below that would expose $2.86 and $2.61. SUI’s growing ecosystem participation and DApp support is medium term bullish.