🚀 SUI Surges 56% in a Week, Eyes $4 – Technical Analysis and Key Price Levels
SUI, the native token of the Sui Layer-1 blockchain, has seen a remarkable 56% increase this week, breaking past the $3 level and now approaching the $4 resistance zone. This strong rally has made SUI one of the best-performing altcoins in the current crypto market.
📈 Technical Analysis: Falling Wedge Breakout and Resistance Zones
After a prolonged downtrend from its all-time high of $5.35 in January — losing over 68% of its value — SUI broke out of a key descending wedge pattern. In March, it surged past the $2.70–$2.80 resistance zone, a major bullish signal.
Now trading around $3.67, SUI faces critical resistance at the $3.30–$3.70 range. According to analyst Hov, if SUI can close a daily candle above $3.72, it would confirm bullish momentum and set a course for the $4.00 level and potentially beyond.
However, failure to maintain momentum could lead to a correction back to $2.70–$2.80 or even deeper towards the $2.00–$2.30 support area.
🔍 Market Stats and Volume Surge
Based on CoinMarketCap data, SUI currently ranks #11 with a market capitalization of approximately $11.9 billion. Daily trading volume is also surging, hitting nearly $4 billion, showing strong investor interest and active participation.
📊 Outlook and Forecast
If bullish pressure continues and SUI successfully breaks above $3.72, reaching $4 in the near term looks highly achievable. The technical structure supports this move, but traders should monitor resistance and support zones closely to manage risk.
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