SUI Poised for $4 Breakout as Institutional Momentum Accelerates
SUI is approaching a critical resistance level amid growing institutional interest and strategic partnerships. The altcoin surged 4.2% on Thursday to reclaim $3.90, testing the upper boundary of its $2.50-$4.00 range for the third time since July.
Technical analysts highlight a bullish structure, with higher highs confirming a breakout from a two-month falling wedge pattern. The current setup mirrors Q2 price action, where sui rallied to new highs after similar consolidation periods.
Market observers suggest sustained momentum could propel SUI beyond its July peak of $4.44, though the $4.00 level remains a key psychological barrier. Network developments and increasing institutional adoption appear to be the primary drivers behind the renewed market optimism.
