SUI Eyes $4 Breakout as Price Nears Key Resistance with Bullish Momentum

Sui's price has surged to $3.93, marking a 3.95% daily gain alongside a 16.3% spike in trading volume. This upward movement highlights strong market activity as traders target the crucial $4.00 resistance level. Over the past week, the token has gained 5.61%, demonstrating consistent buying pressure and growing bullish momentum.

Technical indicators further support the optimistic outlook. The Relative Strength Index (RSI) is climbing from oversold conditions, while the Moving Average Convergence Divergence (MACD) displays a bullish crossover. Analysts point to Sui's breakout above short-term moving averages—a classic reversal signal—with $3.70 now serving as support. "The setup suggests accumulation," notes crypto analyst Gemxbt. "A confirmed breakout above $4 could fuel accelerated upside."