SUI Bulls Hold Strong at Key Support, Targeting Potential $10 Rally

[TRADE_PLUGIN]SUIUSDT,SUIUSDT[/TRADE_PLUGIN] SUI News - SUI is demonstrating impressive resilience NEAR the $3.68 support level, with traders positioning for a potential explosive surge toward $10 despite a recent 4.36% daily decline. The token maintains a robust market capitalization of $8.61 billion alongside $2.32 billion in trading volume, indicating sustained institutional and retail interest even during bearish pressure. Technical indicators are flashing bullish signals, with the RSI rebounding from oversold conditions and the MACD generating a fresh buy signal. Analysts are targeting an initial recovery to the $4.00–$4.20 range, with longer-term projections extending to $5.50, $7.00, and ultimately the psychological $10 barrier if current support levels hold. While SUI's market dominance remains modest at 0.21%, the establishment of higher lows between $3.30–$3.40 over the past month signals strong accumulation activity. The recent break below key moving averages reflects short-term bearish pressure, but the underlying technical structure suggests the token is primed for significant upside continuation as bullish momentum builds.