- SUI is presently priced above $3, rallying increased following a descending wedge breakout.
- An ascending triangle sample on the 4-hour chart alerts bullish flip.
- Nevertheless, whereas MACD suggests patrons are in management, the RSI is close to overbought territory.
Sui (SUI) has surged to the essential $3 resistance stage, breaking above it amid double-digit good points prior to now 24 hours.
CoinGecko information reveals SUI value buying and selling greater than 11% up on this interval, with a notable 102% spike in buying and selling quantity that hovered round $1.28 billion.
The worth good points to intraday highs of $3.05 put the altcoin above a key provide wall, which supplied each a psychological and technical barrier in current weeks.
Notably, Sui ecosystem tokens, together with Walrus and DeepBook Protocol, have additionally surged in the previous 24 hours.
Sui eyes acquire amid bullish momentum
SUI’s uptick aligns with the broader market spike that pushed Bitcoin to above $109,000 and main altcoins like Ethereum, XRP and Solana increased.
Tailwinds for altcoins helped Sui value, with this coming amid a current bounce from lows of $2.3.
Strong on-chain fundamentals that have additionally seen Sui blockchain’s complete worth locked (TVL) maintain above $2.2 billion sign general confidence within the ecosystem.
Different metrics such as rising stablecoin liquidity and transaction volumes align with bullish momentum.
Sui can also be seeing notable progress in developer exercise, main the Transfer ecosystem. Sam Blackshear, chief technical officer of Mysten Labs shared this outlook.
Sui highlights from EC mid-year dev stats refresh:
– Sui is the 2nd quickest rising L1 dev neighborhood over the past yr at 16.1% — only a hair behind Solana at 17.7%.
– Sui is the quickest rising L1 dev neighborhood over the past two years at 54%
– This goes towards broader progress…— Sam Blackshear (@b1ackd0g) July 2, 2025
The 11% surge has prolonged SUI’s upward value motion over the previous two weeks. Sui’s losses prior to now month are certainly down to eight%.
Sui value prediction
With SUI making an attempt to interrupt above $3, bulls might goal key ranges of $3.5 and $4 to see the all-time peak above $5.3 reached in January 2025 come into sight.
Notably, patrons are upbeat after the token broke out of a descending wedge sample. That transfer allowed for a bullish reversal as lengthy bets ramped up.
Moreover, the formation of an ascending triangle sample on the 4-hour chart has bolstered the bullish outlook. Given this outlook, the $3 stage may act as a springboard for potential additional good points.
On the technical entrance, key indicators present patrons are in management.
The Transferring Common Convergence Divergence (MACD) reveals a bullish crossover, with the histogram suggesting that bulls presently maintain the higher hand.
Nevertheless, the Relative Power Index (RSI) is trending at 70 and an prolonged uptick into the overbought territory may sign a possible downturn.
On this case, macro headwinds and profit-taking may imply a short-term flip to help ranges round $2.6.
The publish Sui breaks $3 resistance: Is a brand new ATH subsequent? appeared first on CoinJournal.
