SUI Shows Bullish Momentum as It Eyes $8.50 Target in 2025
Sui (SUI) is gaining traction in the market as it consolidates NEAR key resistance levels, currently trading at $3.87 despite a slight 1.51% daily decline. The token's strength is highlighted by a 5.44% increase in daily volume to $1.3 billion and a 13.52% weekly rise, outperforming competitors in a turbulent market.
Technical indicators show solid support at $3.20, a level that sparked the ongoing rally. Analysts point to the breach of fair value gaps and an impending test of the $4.20–$4.46 supply zone. A clear breakout could drive sui toward $4.60, with speculative interest possibly pushing prices even higher.
While bullish trends dominate short-term charts, maintaining this upward movement depends on overcoming selling pressure at critical supply zones. Traders are closely monitoring for either a continuation pattern or a rejection at these decisive levels.