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SUI Nears Critical $4 Resistance as Institutional Interest Surges
SUI Nears Critical $4 Resistance as Institutional Interest Surges
22
3
[TRADE_PLUGIN]SUIUSDT,SUIUSDT[/TRADE_PLUGIN]
SUI News -
SUI, the native token of the sui Network, is approaching a key resistance level at $4 amid building bullish momentum. The token gained 4.2% on Thursday, reclaiming the $3.90 zone for the first time in over a month. Analysts indicate a successful breakout could drive SUI toward new highs, with technical indicators showing a favorable setup.
Market observers highlight SUI's recent breakout from a two-month falling wedge pattern, suggesting the potential conclusion of a corrective phase. Historical patterns indicate SUI could replicate its early Q3 performance, which featured a lower high followed by a renewed upward surge. A decisive break above $3.80 may set the stage for a retest of its all-time high at $5.35.
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