SUI Price Jumps 15% as Traders Target $8 Breakout

Sui (SUI) surged 15% to $4.23, continuing its bullish momentum and outperforming most major cryptocurrencies. The token has gained 13.1% over the past week, 28.7% in two weeks, and 62.3% in the last month, signaling strong bullish sentiment.

Analyst Marcus Corvinus identified a breakout pattern forming, with sui testing key trendline resistance. The AB=CD pattern suggests potential price targets at $5.64, $6.70, and $8.00. Another trader, CryptoBull_360, noted that breaking a critical resistance level could push SUI toward $7–$10.

Technical indicators support the optimism. Between July 25–26, SUI jumped from $3.67 to $4.18, with trading volume nearly doubling to 28.8 million. The token broke through the psychological $4.00 barrier, establishing support at $3.93–$4.02. Resistance levels at $4.10–$4.15 were quickly surpassed before consolidation NEAR $4.17.

Growing institutional interest aligns with the market's upward momentum. Analysts are closely watching for a decisive breakout.