SUI Price Prediction: Analysts Eye $7 Rally Amid Bullish Setup

$4.10 Resistance Key to SUI’s Breakout Toward $7

SUI has stood as a strong breakout candidate as the crypto market buzzes with another bullish wave. The crypto has been strong in volatile markets, trading within a range that analysts note as near resolution. According to the existing projections, a successful breakout would push prices to the range of $5.36-$7.32.

Analyst Ali highlighted a rising triangle, which is considered a bullish structure. Price has established higher lows and stayed constant below the $4.10 zone, indicating the accumulation of strong hands. Moreover, price is above the 0.618 Fibonacci level at $3.47, a major support in the bullish formation. If price breaks the resistance at $4.10, the analyst indicated that momentum could pick up, and lead to the Fibonacci extensions at $5.36 and $7.32, which will be breakout targets.

SUI/USD 1D CHART | SOURCE: X

On the same note, analyst KALEO referred to a symmetrical triangle formation indicating an imminent action. There has been a tightening price action between convergent trendlines, with the upper limit near $4.00-$4.20. The symmetry of the pattern indicates that as long as the resistance is broken, accumulated buying pressure would lead to a sudden rush to new ATHs, which could be a new growth phase.

SUI/USD CHART | SOURCE: X

Meanwhile, another analyst, Michael van de Poppe, highlighted a pattern of consequent higher lows that culminate in an important resistance level of $4.29. The pattern includes repeated rejections with stronger rebounds, indicating a decrease in selling pressure and rising confidence among buyers. The analyst identified strong demand in the $2.63-$2.79 zone, which supports a breakout that could sustain an upward trend.

SUI/USD CHART | SOURCE: X

Market Sentiment and Ecosystem Growth

Optimism in the cryptocurrency sector is high as Bitcoin is up, and there is a constant liquidity supply. This positivity has rejuvenated interest in middle-cap tokens, with analysts pointing out the tightening structure of SUI. As consolidation continues, there is an expectation of a greater market rebound.

Moreover, there has been a rapid adoption and developer interest, with the Total Value Locked on the network growing to $2.46 billion. Activities such as SUIFest have increased visibility, which has stimulated activity and investor confidence.

At the time of writing, the token is trading at approximately $3.61, above a critical support level.