SUI has reclaimed the key $3.00 Fibonacci (0.382) retracement zone, signaling a shift to a bullish market structure. Currently trading at $3.27, the token shows strong upward momentum, supported by technical indicators like a rising MACD, positive RSI (56), and breakout from a falling wedge.

The $3.15–$3.18 zone has flipped to support, with potential short-term targets at $3.42 and $3.75. If broken, SUI could aim for its all-time high of $5.30. Chart patterns and historical moves since mid-2023 suggest a possible rally continuation, with past setups resulting in gains over 300%.

Despite a 29% drop in trading volume, bullish signals remain strong if the price holds above $3.25. Key support lies at $3.00 and $2.91, with resistance at $3.42 and $3.60.