Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. In a significant move for the SUI market, bulls have successfully broken out of a key technical chart pattern, setting their sights on the next major resistance level at $3.50. This breakout signals a shift in momentum, as the price action re-establishes a clear upward trend. Technical Setup Signals Room For Further Upside
Crypto VIP Signal, in a recent updateon X, highlighted that SUI has sustained its bullish momentum exactly as anticipated, successfully breaking out of the falling wedgepattern. This breakout is a strong technical signal often associated with trend reversals, suggesting that the token has shifted from a period of consolidation into a phase of renewed upward strength. Such a move indicates that market sentiment is leaning toward optimism, with buyers steadily reclaiming control. Related Reading 20 Million New SUI Tokens Push Treasury To New High – Details 23 hours ago
The update further explained that following the breakout, SUI retested the support line, a critical step in confirming the validity of the breakout. Holding this support level firmly not only reinforces the bullish structure but also builds a stronger foundation for future gains. This development underscores the resilience of SUI’s price action, as it demonstrates the ability of the market to absorb selling pressure while maintaining upward momentum. SUI setup hints at a rally | Source: Chart from Crypto VIP Signal on X
Looking ahead, Crypto VIP Signal pointed to $3.50 as the next key resistance level that traders and investors should keep an eye on. If this level is broken, it would likely attract more buyers into the market, creating the conditions for SUI to extend its upward trajectoryand establish new short-term highs. SUI Indicators Align For Potential Upside Continuation
Adding to the growing bullish outlook for SUI, Gemxbt recently emphasized in a postthat the token is showing signs of a strong reversal. The analysis revealed that SUI’s price has crossed above both the 5-day and 10-day moving averages, which strengthens the case for continued upward pressure in the near term. Related Reading SUI Holds The Line: Rounded Bottom Hints At 13% Breakout Setup 2 weeks ago
Resistanceis currently positioned near $3.35, a zone that will play a pivotal role in determining whether SUI can maintain its bullish breakout. On the downside, strong support is established around $3.20, serving as a safety net in case of short-term pullbacks. Holding this support will be essential for sustaining market confidence.
In addition to these key levels, momentum indicators are also aligning with the current bullish narrative. The RSI has begun rising from oversold territory, signaling renewed buying interest, while the MACDhas confirmed a bullish crossover. Together, these technical signals suggest that SUI could be gearing up for another upward push, with momentum building toward testing and possibly breaking above the next resistance barrier. SUI trading at $3.38 on the 1D chart | Source: SUIUSDT on Tradingview.com Featured image from Adobe Stock, chart from Tradingview.com