- SUI is gaining traction as it moves upward in line with a broader crypto market shift from bearish to bullish sentiment.
- The token recently rebounded from $2.71 and is now approaching the critical $4.31 resistance zone, a level that previously capped gains.
- Technical indicators highlight $2.85 as the first key resistance; a daily close above this could signal a significant bullish reversal.
- Falling selling volume combined with strong demand zone support suggests momentum is building for a potential breakout rally.
SUI is gaining growing support within the crypto market as it holds its steady upward trajectory. After rebounding from the $2.71 barrier level, the token is now eyeing the crucial $4.31 level of resistance, a significant barrier in the past employed to top gains on the positive side.
The space is under keen observation from experts, as a higher break through the level would mark an important reversal of direction and an ensuing full comeback from recent volatility.
At the time of writing, SUI is trading at $2.84 with a 24-hour trading volume of $668M and a market capitalization of $9.65B. The SUI price over the last 24 hours is up by 1.97%, and over the last week its price has been hit by market volatility and is moving in downward momentum but showing high potential for the next major rally.
Source: CoinMarketCap
SUI Shows Potential and Poised to Break $4.31
The prominent crypto analyst, Naveed, highlighted that a fresh bullish signal is grabbing traders eyes because this altcoin continues to rebound from a heavily tested support level. Showing buyers are eager and hinting that the downward push could be running out of steam. According to falling selling volume and that steady price pattern, it looks a lot like the first chapter of a market turn.
Technical analysis suggests $2.85 as a first resistance. If the price cleanly breaks that and prints a solid daily close on top, it could signal a big change in the market’s framework, flipping the current cautious mood into fresh optimism. Such an event would affirm that buyers really own that zone and could spark even more upward movement.
Source: X
The bulls are eyeing the $3.83 as the halfway mark and next big goal. In the past, this spot has switched between support and resistance, turning it into a vital tug-of-war for price. If buyers retake it, they will strengthen the reversal story and open the gates for more gains, pulling fresh focus to the coins charts.
If the momentum keeps swinging its way and buyers stay in charge, the price might test the $4.31 supply zone, the spot where sellers usually step up. Traders often book profits here, yet it can also serve as a telling checkpoint for a wider trend change.
Related Read: SUI Surpasses $3 Mark, Long-Term Indicators Signal $100 Price Target