SUI leads the market with a 30% rally | Credit: Hameem Sarwar
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Key Takeaways
SUI jumps 30%, flipping the structure bullish after a long decline.
Indicators reveal rising momentum as it approaches a key resistance.
Will SUI’s price break above $2.04 open the path to higher targets?
SUI, the native coin of the layer-1 blockchain, has emerged as the top gainer among the top 100 cryptocurrencies.
Over the last 24 hours, SUI’s price has climbed more than 30% as bulls seized control after weeks of suppressed price action.
At press time, the SUI crypto price is trading around $1.74, invalidating the recent bearish bias.
Indicators across multiple timeframes now point to a strengthening bullish reversal, catching bears off guard.
With momentum surging, how high could the SUI crypto go?
SUI Sees Bullish Reversal
On the 4-hour chart, the Awesome Oscillator (AO), which tracks capital flow into or out of an asset, shows a clear bullish shift in momentum.
The indicator has crossed above the zero line, accompanied by expanding green histogram bars, signaling that bullish pressure is gaining traction after a prolonged period of downside movement.
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Furthermore, a close look at the image above shows that SUI’s price has bounced from the lower support zone near $1.30.
As a result, it could rally directly into the upper resistance band around $1.80.
Traders Expect Extended Surge
Interestingly, several analysts claim that they did not expect the reversal.
“SUI is absolutely on fire. Didn’t see this kind of bounce coming, but here we are, momentum is insane, and it feels like the ATH is just around the corner. Bulls are in full control, and this ride is just getting started. Strap in, because SUI is ready to shatter ceilings,” BullifyX, a crypto trader on X, said.
Apart from BullifyX, pseudonymous trader Dean Crypto Trades opined that the coin price could extend its rally.
“SUI, There we go. Retook the two high horizontal levels that we were watching. The local market structure has flipped back to bullish, with a higher low and higher high formed. From here on out, you simply need to sustain that to get this relief bounce going.” Dean Crypto Trades reaffirmed the bullish reversal.
SUI Price Analysis: Higher Highs Ahead
On the daily chart, SUI’s price has broken above the upper trendline of a falling wedge. This bullish reversal pattern signals an upcoming breakout once buyers gather enough strength.
Furthermore, the Bull Bear Power (BBP) has pushed firmly into positive territory, confirming that buying pressure is strengthening.
For SUI’s price, this marks a shift in control as buyers gain momentum and override the previous bearish setup.
Besides the BBP, the Relative Strength Index (RSI) reinforces this bullish setup.
At press time, the indicator stands at 51.00, sitting just above the neutral 50 level and signaling that bullish momentum is beginning to build.
Examining the Fibonacci retracement levels, the SUI crypto is trending upward toward the 0.236 Fib level at $2.04.
A break above this zone would strengthen the bullish structure and open the path toward the following resistance areas.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
