SUI Smashes Resistance: Crypto’s Sleeping Giant Eyes $4 Amid Market Frenzy

After weeks of consolidation, SUI finally wakes up—blasting past key resistance levels with a bullish reversal that’s got traders scrambling. Technicals now suggest a clear runway to $4, possibly beyond, as volume spikes and institutional interest creeps back in.

Why the sudden surge? Some point to the network’s recent scalability upgrades, while others whisper about a well-timed ’influencer pump’ (because what’s crypto without a little manufactured hype?). Either way, the charts don’t lie—this breakout has legs.

Just remember: in a market where ’fundamentals’ often mean ’which meme coin Elon tweeted about,’ even solid projects like SUI ride the waves of pure speculation. Buckle up.

SUI — Is $4 the next target?

Source: SUI/USDT, TradingView

The altcoin peaked at $5.3 but erased the gains following Q1 headwinds. It dumped 68% and slipped below $2.

However, this week’s temporary macro relief, which lifted Bitcoin [BTC] back above $90K, fueled SUI’s breakout rally. Its ecosystem memecoin frenzy pushed the rally even higher. 

At press time, the altcoin was valued at $3.6 and about 48% away from its peak value of $5.3. On the daily chart, it decisively cleared key overhead hurdles, including the 200DMA (Daily Moving Average, blue) and $3.5. 

The next obstacle and supply zone would be $4, which doubled as a breaker block and resistance zone in late January. Additionally, the RSI hit the overbought zone and signaled potential cool-off or reversal. 

That said, potential new buying opportunities could be presented in case of a pullback to $3.5 or the 200DMA. However, a decisive dip below 200DMA would be a warning sign for bulls to avoid the market. 

Profit taking incoming?

Source: Coinglass

That said, SUI speculators appeared to be cashing out. In the past 12 hours, Coinglass’s Exchange Netflow data showed that SUI tokens worth $27 million were moved into Binance, Coinbase, and Kraken.

This meant more SUI tokens were moved into exchanges for sell-off.  

Source: Coinglass

On the liquidity heatmaps, the key zone with massive liquidity and potential price magnet was the $3.1-$3.3.

This aligned with the 200DMA on the price chart, reinforcing it as key support and a buying opportunity in case of a pullback. 

In conclusion, SUI’s 75% explosive weekly run began attracting profit-takers. Although bulls could attempt to push forward to $4, the overheated RSI signalled a potential cool-off.

The 200DMA was a key level to watch in case of retracement. 

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion