SUI's Price Rebounds from Critical Support, Aiming for Potential Rally Between $8 and $10
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In the cryptocurrency market, the price of SUI has been steadily climbing, with a current trading value of $3.85 - a 3% increase in the last 24 hours and an 8% rise for the week. This upward trend suggests buyers are gradually gaining control, and a potential breakout move might occur.
Recent technical analysis reveals that SUI is trading above a critical $4 resistance level and has formed an ascending wedge pattern, signalling a potential bullish breakout. Key technical indicators show mixed but promising momentum, with the MACD suggesting investors are gaining control despite the RSI showing slight bearish divergence.
If SUI surpasses the 78.6% Fibonacci level at approximately $4.58, it would be seen as a strong bullish signal. Analysts predict an initial rally towards $5, followed by a potential breakout target range between $7 to $9 by late 2025, with some forecasts targeting as high as $8 to $9 if bullish momentum sustains.
Price action context and fundamentals support these technical insights. SUI's Total Value Locked (TVL) recently hit a record $2.28 billion with growing open interest, reflecting strong DeFi adoption and investor demand. This fundamental strength underpins the optimistic price outlook despite earlier setbacks like the May 2025 Cetus hack.
However, it's important to note that speculative price targets above $8-$9 are not guaranteed, and investors should consider the inherent volatility and speculative nature of crypto forecasts when evaluating these projections.
CryptoBullet, a popular analyst, has emphasized that the $8-$10 target remains valid. The 1.618 Fibonacci extension is present around $10, aligning with the resistance target if a breakout occurs. If momentum builds, a path to $8 and beyond could open for SUI.
The weekly chart for SUI against USDT shows a clear support line around $3.20 that has been tested multiple times. Trading volume for SUI exceeds $1.7B, indicating high market interest and momentum. The price reacted to the 0.618 Fibonacci retracement level recently, which led to the latest bounce.
Market participants are alert for breakout confirmation in SUI. Holding above the wedge resistance is the first step towards confirming the next leg up in the price of SUI. Each test of the support line has resulted in a bounce, suggesting steady demand at this price point.
The upper boundary of the ascending wedge serves as potential resistance, near the $8 to $10 level. If the price of SUI can decisively move above this range, it would validate the bullish thesis for SUI.
In conclusion, the upcoming days could be crucial for SUI investors. A decisive move above the $4.58 Fibonacci level with sustained volume and bullish momentum could trigger a breakout toward $7–$9 as the next upside targets, aligned with technical patterns and growing fundamentals. However, investors should remain cautious and consider market volatility and regulatory uncertainties when evaluating these projections.
Finance and investing play a significant role in the anticipation of SUI's price movement. The bullish breakout potential, signaled by the ascending wedge pattern and SUI's trading above the $4 resistance level, has caught the attention of several investors, with some predicting an initial rally towards $5, followed by a breakout target range between $7 to $9 by late 2025.
