SUI Eyes $5 as Bulls Target Key $3.8 Resistance Level

[TRADE_PLUGIN]SUIUSDT,SUIUSDT[/TRADE_PLUGIN] SUI News - Sui's native token SUI has surged 15% over the past two weeks, reigniting market interest as it approaches a critical technical juncture. The $3.80 price level represents both a psychological barrier and the apex of a developing triangle pattern—a convergence that could determine the asset's near-term trajectory. Futures market data reveals growing bullish sentiment, with long positions dominating trading activity. Spot markets remain comparatively cautious, suggesting retail investors are awaiting confirmation of a breakout. A decisive close above $3.80 with strong volume could open the path toward $5, a target derived from the measured MOVE of SUI's previous bullish flag pattern. Technical analysts note the token's recovery from its late-summer consolidation phase, with the recent breakout positioning bulls for potential upside. However, failed attempts to breach resistance may trigger another period of sideways trading before the next directional move.