SUI’s Bullish Breakout Tests Key Resistance as Market Sentiment Diverges

Sui (SUI) has confirmed a bullish breakout from a multi-month symmetrical triangle, currently trading at $4.03 with a 7.21% gain over the past 24 hours. A decisive break above the immediate $4.20 resistance could trigger a rally toward $5.30, $6.50, and potentially $8.00 targets.

Despite the technical breakout, spot market data reveals bearish divergence - the Spot Taker CVD indicates traders are shorting or taking profits into strength. This creates tension between bullish chart patterns and bearish order flow, typical during breakout fatigue phases.

Notably, Open Interest surged 16.06% to $2.12 billion, reflecting heightened speculative activity in SUI derivatives. The critical watchpoint remains whether $4.20 can flip to support, which WOULD confirm sustained upward momentum.