Sui (SUI) rallied 15% to $4.23 on Saturday, extending its strong upward momentum and outperforming most major cryptocurrencies. According to CoinDesk data, SUI has climbed 13.1% in the past week, 28.7% over 14 days, and 62.3% in the last month, signaling growing bullish sentiment among traders.
Crypto analyst “Marcus Corvinus” described the current setup as a “breakout zone loading,” noting that SUI is testing a key trendline resistance that has capped previous rallies. He highlighted an AB=CD pattern, a symmetrical price formation often signaling another leg higher. Corvinus projected potential price targets at $5.64, $6.70, and even $8.00 if momentum accelerates.
Another trader, “CryptoBull_360,” emphasized a crucial resistance level that SUI has struggled to surpass. He suggested that a confirmed breakout above this zone could trigger a rally toward the $7-$10 range.
Technical indicators support the bullish outlook. SUI surged from $3.67 to $4.18 between July 25 and 26, with trading volume nearly doubling its 24-hour average to 28.8 million. The token broke through psychological resistance at $4.00 after 16 hours of consolidation, establishing short-term support at $3.93, $3.98, and $4.02. Additional resistance levels at $4.10, $4.12, and $4.15 were cleared before a brief consolidation near $4.17.
Market momentum remains strong as institutional interest grows, with analysts closely watching for a breakout candle that could confirm SUI’s next major move. A decisive push above current resistance could position SUI for its highest levels since earlier this year, potentially making it one of the top-performing altcoins in the market.
