SUI Smashes $3.50—Golden Cross Signals $8 Target as Crypto Traders Salivate

Move over, Bitcoin—SUI’s chart just flashed the golden cross, that holy grail of technical indicators. The breakout past $3.50 has degens and institutional bros alike whispering about an $8 price target. Never mind that most ’bullish signals’ evaporate faster than a meme coin’s liquidity.

SUI’s 50-day MA sliced through the 200-day like a hot knife through institutional FUD. Volume’s pumping, social metrics are screaming—but let’s see if this rally survives the next ’risk-off’ tweet from a Fed official. After all, crypto moves fast… until it doesn’t.

Funny how these ’unstoppable’ patterns always emerge right before some exchange ’unexpectedly’ dumps tokens. Stay nimble, folks.

SUI Price Chart The uptrend broke through both the 200-day EMA and the 23.60% trend-based Fibonacci level at $3.30. However, after clearing this key resistance, momentum has slightly weakened. This is indicated by the formation of multiple doji candles on the daily chart. Still, with the broader bullish trend intact, the 50-day and 200-day EMAs are on track to form a golden cross—a historically bullish signal. Additionally, the daily RSI remains in overbought territory, reflecting strong upward momentum. SUI Receiving Ethereum Outflows Beyond price action, the SUI network itself is experiencing increased traction. According to a recent tweet by Torero Romero, data from Wormhole Scan shows a notable transition of Ethereum funds to the SUI network. Over the past 365 days, 29% of Ethereum outflows via the Wormhole Bridge have been directed to SUI. This growing adoption positions the SUI network as an emerging Ethereum alternative, potentially driving even greater demand for the token in the coming months.

SUI Price Targets Based on current price action and network momentum, the SUI uptrend is likely to continue. According to trend-based Fibonacci levels, the rally could target the 61.80% level, NEAR $8, signaling a potential new all-time high. On the downside, critical support lies below $3.30, with the 200-day EMA at $2.79 as the next key level.