SUI price analysis shows that buyers are still defending the latest bullish structure after the token reacted well to several support zones. Market focus has now shifted to whether the current wave move can extend toward the next resistance area.
As of press time, SUI trades at $1.22 after gaining 18.39% over the past 24 hours. According to CoinMarketCap data, trading volume has reached $1.08 billion, showing an 18.45% increase. The token has also extended its weekly recovery, with the SUI coin price rising 34.32% over the last seven days.
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SUI Price Analysis Points to $1.30 After Support Holds
Analyst More Crypto Online highlighted that SUI reacted well to its recent support zones. The analyst mentioned the levels from late March, late April, and early May. Each area held during the latest price move.
The analyst further emphasized that SUI keeps on climbing up in stages. This keeps the current bullish structure intact. The next step is to identify support for a possible wave 4 pullback.
However, the preferred view still favors more upside first. More Crypto noted that the next potential level for wave 3 is $1.22 to $1.23. This area is the 138.2% extension and provides the first ideal third wave target.
The immediate resistance level is located at $1.25. The next significant level comes in at about $1.30. The analyst also said that third waves typically involve strong extensions in SUI, allowing the price to extend beyond $1.25 before significant pullbacks set in.
SUI price analysis also includes a separate market view from analyst FOUR Crypto Spaces. The analyst mentioned that SUI has shifted from the accumulation mode to a high-velocity expansion mode following a time of price compression.
According to the analyst, the $1.03 resistance has now turned into a key support base. If the bull market structure is being maintained above that level, it can provide bulls with a favorable area to cover in case of any minor pullback.
SUI Holds Above EMAs as Bollinger Bands Show Pressure
According to TradingView data, the daily EMA setup is also important in SUI price analysis. The 20-day EMA stands at $0.9873. The 50-day EMA is at $0.9698. SUI is above both short-term averages.
The 100-day EMA stands at $1.0725. SUI is also above that level. The 200-day EMA is at $1.4284. The longer average is still above the current price and is the next big moving average barrier.
The Bollinger Band (BB) data reveals a broad breakout pattern. The upper band stands at $1.1109. The middle band is at $0.9648.
The lower band is at $0.8188. SUI is trading above the upper band. This shows strong upside pressure while also placing the token in a stretched short-term zone.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
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