SUI Defies Market Slump with 6% Rally—Traders Eye $4 as Next Target

Move over, legacy coins—SUI just pulled a breakout while others bled. The Layer 1 token surged 6% today, punching through resistance like a trader on their fourth espresso.

Key levels smashed. Chartists now whisper about $4 like it's the next exit on this hype train. Meanwhile, Bitcoin maximalists suddenly remember what 'altseason' means.

Funny how these 'technical breakthroughs' always happen when liquidity's thin and VCs need an exit. But hey—in crypto, the line between genius and gambler is just a 6% green candle.

Source: Trading View

Buyer dominance on the rise

Adding to the bullish case, AMBCrypto’s analysis of CryptoQuant showed a strong spike in the 90-day cumulative volume delta (CVD).

This highlights aggressive buyer behavior in the spot market, suggesting that demand is outpacing sell pressure.

Historically, these types of CVD trends have been known to precede significant price movements.

The buyer-dominated sentiment is in line with the recent breakout. The technical breakout, coupled with the demand surge, points to a setup for the bullish trend continuation.

Now, it remains to be seen whether SUI’s momentum has the ability to last long enough to break above the psychological $4 level.

Source: CryptoQuant

Short-term caution remains

In spite of the bullish undertones, SUI’s spot volume bubble map showed signs of cooling at press time. This may indicate a slowing market activity despite buyers being in control.

A decrease in spot volumes usually suggests weaker conviction among participants.

This divergence between strong CVD and shrinking volume suggests that SUI may need a new catalyst to maintain its gains.

And if that is the case, a retest of the breakout zone could be in the works before anything serious goes higher.

Investors and traders alike must watch whether buyers continue to absorb selling pressure or if momentum starts to fade.

Source: CryptoQuant

All eyes now are on how SUI behaves in the subsequent sessions.

If bulls sustain the breakout level and volumes resume, the $4 target could become alive earlier than expected.

But if spot interest continues to cool down, temporary consolidation could precede the next wave up.