SUI Breaks Out: Rally Toward $6 All-Time High Gains Momentum

Another day, another crypto chart pattern begging to be overanalyzed. This time it’s SUI—carving a textbook rising channel like it’s trying to impress a TA-obsessed hedge fund intern.

The setup? A clean uptrend with higher lows, flirting with a potential breakout. Target? That shiny $6 ATH from the project’s speculative heyday. Because nothing screams ’sound investment’ like chasing previous price peaks, right?

Whether this is organic demand or just leveraged traders front-running the next ’altseason’ narrative remains to be seen. But one thing’s certain: the charts won’t interpret themselves—and neither will the eventual profit-taking dump.

SUI Price Chart Currently, SUI is forming higher lows within a rising channel. This structure emerged after the price bounced off the 23.60% trend-based Fibonacci level at $3.30. The bullish recovery has led to a golden crossover, with the 50-day EMA crossing above the 200-day EMA. In addition, there’s a positive crossover between the 50- and 100-day EMAs, reinforcing bullish momentum. Adding to the case for an extended rally, the daily RSI line shows a hidden bullish divergence, forming a lower low while the price continues to rise within the channel. Thus, technical indicators support the potential for further upside in SUI. The 38.20% Fibonacci level, serving as immediate resistance at $4.6335, represents a 20% upside if the trend holds. With broader market recovery, the SUI bull run could optimistically reach the 50% Fibonacci level at $6.08, setting a new all-time high. On the downside, if SUI fails to maintain support at the lower boundary of the rising channel, a retest of the 50-day EMA NEAR $3.31 is likely. SUI Network Expansion Drives TVL Above $2 Billion Bolstering the bullish outlook, the SUI network continues to grow. According to SuiScan, total value locked (TVL) has surpassed $2 billion, with total transactions exceeding $10 billion.

SUIScan Currently, the total number of accounts on the network is approaching 200 million. Additionally, DEX volume is on the rise. Notably, ecosystem liquidity has significantly improved, with the stablecoin market cap reaching $1.15 billion, recording a 22% increase over the past week. This network expansion is expected to drive demand for SUI’s native token.