Sui breaks $3 resistance: Is a new ATH subsequent?
SUI is presently priced above $3, rallying increased following a descending wedge breakout.
An ascending triangle sample on the 4-hour chart indicators bullish flip.
However, whereas MACD suggests patrons are in management, the RSI is close to overbought territory.
Sui (SUI) has surged to the essential $3 resistance degree, breaking above it amid double-digit positive aspects up to now 24 hours.
CoinGecko knowledge reveals SUI worth 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 positive aspects to intraday highs of $3.05 put the altcoin above a key provide wall, which provided 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 achieve 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 worth, with this coming amid a current bounce from lows of $2.3.
Robust on-chain fundamentals that have additionally seen Sui blockchain’s whole worth locked (TVL) maintain above $2.2 billion sign general confidence within the ecosystem.
Other 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 Move 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% — simply 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… https://t.co/0ybThX3dOW
— Sam Blackshear (@b1ackd0g) July 2, 2025
The 11% surge has prolonged SUI’s upward worth motion over the previous two weeks. Sui’s losses up to now month are certainly down to eight%.
Sui worth prediction
With SUI trying to interrupt above $3, bulls could goal key ranges of $3.5 and $4 to see the all-time peak above $5.3 reached in January 2025 become visible.
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.
Additionally, the formation of an ascending triangle sample on the 4-hour chart has strengthened the bullish outlook. Given this outlook, the $3 degree may act as a springboard for potential additional positive aspects.
On the technical entrance, key indicators present patrons are in management.
The Moving Average Convergence Divergence (MACD) reveals a bullish crossover, with the histogram suggesting that bulls presently maintain the higher hand.
However, the Relative Strength Index (RSI) is trending at 70 and an prolonged uptick into the overbought territory may sign a potential downturn.
In this case, macro headwinds and profit-taking may imply a short-term flip to assist ranges round $2.6.
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