Sui (SUI) Price Surges: Bulls Charge Back With Explosive Rally From Make-or-Break Support

Sui's bulls just staged a Lazarus-like recovery—surging from the brink after testing critical support. Here's why traders are scrambling back in.

The Rebound Playbook

No fancy jargon—just a textbook bounce from levels where weak hands typically capitulate. The rally wasn't subtle: double-digit percentage gains sliced through resistance like a hot knife through butter.

Market Psychology at Work

When a coin repeatedly defends a price zone, it becomes self-fulfilling prophecy. Sui's latest rebound confirms what chartists whispered—this support floor has institutional fingerprints all over it.

Liquidity Hunters Circling

Watch for follow-through volume. Paper hands got shaken out, but real tests come when latecomers FOMO in (as they always do). Bonus cynicism: Wall Street still calls this 'speculative' while quietly accumulating positions.

TLDR

• Sui (SUI) gained 12.55% in 24 hours with trading volume jumping 66% to $2.1 billion
• Price bounced 15% from key support at $2.43, breaking a month-long downtrend pattern
• Bulls are targeting resistance levels at $4.50 and $6.20 following a falling wedge breakout
• Whale accumulation activity shows rising confidence with increased cold wallet flows
• Critical resistance at $3.10 must be cleared for continued upward momentum

Sui has posted strong gains over the past 24 hours, climbing 12.55% as the token defended a crucial support level. The price action comes after weeks of downward pressure that had pushed sui lower throughout June.

The token bounced sharply from the $2.43 support level on Tuesday. This level corresponds to the 78.6% Fibonacci retracement from the rally that occurred at the end of 2024. The support held firm when retested on June 22nd.

Trading volume surged during the recovery, with daily volume reaching $2.1 billion. This represents a 66% increase from previous levels. The volume spike suggests renewed market interest in the layer-1 blockchain token.

SUI closed NEAR $2.79 after the bounce, snapping a month-long pullback period. The recovery coincided with Bitcoin’s move from $101,000 to $106,000 on Monday. This broader market strength may have contributed to Sui’s positive momentum.

Chart analysis reveals a falling wedge pattern that had been forming over several weeks. Technical analysts describe the breakout from this pattern as textbook price action. The compression period appears to have ended with Tuesday’s sharp MOVE higher.

Whale Activity Points to Growing Confidence

On-chain data shows increased accumulation by large wallet holders. Cold wallet inflows have been rising, indicating that investors are moving tokens into long-term storage rather than preparing for sales.

Market cap data from CoinGecko shows a 12% increase accompanying the price move. Daily trading volume jumped approximately 50% to $1.97 billion across exchanges.

The accumulation pattern suggests institutional or whale-level buying interest. This activity often precedes extended price movements in cryptocurrency markets.

Key Resistance Levels Define Near-Term Outlook

Bulls now face two major resistance zones that will determine the sustainability of the rally. The first target sits between $4.40 and $4.50, matching supply levels from April.

$SUI held its weekly trendline like a champ and just bounced off the $2.43 support.

Chart looks strong and the momentum is real:
Target 1: $4.50
Target 2: $6.20
Target 3: $10+ still very much in play

That monster daily candle post-shakeout (+15%)? A statement.

Big wallets are… pic.twitter.com/waa9to3u8l

— crypto Winkle (@CryptoWinkle) June 24, 2025

The second resistance cluster is located near $6.20. This level could attract profit-taking pressure if reached. Technical analysts have identified these as primary upside targets.

However, the immediate focus remains on the $3.10 to $3.16 supply band. A clean break above this area WOULD strengthen the bullish case and could attract additional buying interest.

Failure to clear the $3.10 resistance would put the $2.43 support level back in focus. Risk management remains important as traders navigate these key technical levels.

The weekly market structure turned bullish following a structure break in early May. However, the daily chart still shows a bearish structure after SUI fell below $3.12 in early June.

Money FLOW Index readings show mixed signals across different timeframes. The weekly MFI remains bullish despite recent pullbacks, while the daily MFI sits at 30.5, indicating bearish conditions.

Additional support levels exist at $2.08 and $1.71 if the current bounce fails to sustain. The $2.08 level provided support during March and April trading sessions.

Current trading volume remains above average, with the $1.5 billion daily figure showing sustained market participation in the token’s price discovery process.