SUI Shatters Resistance, Targets 35% July Rally as Bullish Momentum Builds
The SUI token has broken through a crucial resistance level NEAR $3, signaling a potential 30% surge toward the $4.12 target. Technical indicators show strong bullish momentum, with the RSI holding above 50 and the price breaking out of a descending channel. Increasing open interest and spot volume highlight growing trader confidence.
Ecosystem growth is driving the rally. DeFi integrations and rising developer activity are strengthening SUI's fundamentals, creating a positive feedback loop with its technical strength. The token is now testing its 200-day moving average at $3.27—a breakout above this level could confirm the next upward leg.