SUI Jumps 7.28%: Bullish Breakout Targets $8.00 Amid Strong Volume Surge

SUI's price rallied 7.28% to $4.04, accompanied by a massive $13.98 billion trading volume spike. The cryptocurrency's breakout above a symmetrical triangle pattern and successful retest of former resistance as support indicate strong upside potential.

Technical analyst Jonathan Carter highlights $4.20 as the next key resistance level. A decisive breakout could fuel a rally toward $5.30, with extended upside targets at $6.50 and $8.00. The bullish case is supported by an RSI reading of 63.86 and a MACD crossover signaling momentum.

With 7.03% weekly gains and growing adoption among traders, SUI's bullish momentum appears sustainable beyond short-term technical moves. The project's fundamental traction suggests this rally may have staying power in the current market cycle.