Can SUI Reach a New All-Time High? | Credit: Veronica Cestari
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Key Takeaways
SUI broke out from a 182-day resistance trend line.
The SUI price is attempting to break out above $4.
Can SUI clear this resistance and move to a new all-time high?
SUI has been flashing strong bullish signals since April. Despite a temporary pause in May, the bullish trend resumed in June, leading to a breakout from a critical resistance level last week.
With the $4 resistance area presenting the only roadblock to a new all-time high, let’s examine the charts and see if SUI can break it.
SUI Price Analysis
SUI dropped nearly 70% between January and May 2025, following its all-time high earlier this year. But in April, momentum flipped.
A powerful rally kicked off, sending SUI up over 200% and bringing it back within striking distance of its previous high.
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While the token couldn’t push through the $4 resistance zone or break its descending trend line right away, the strength behind the rally hinted at a larger trend reversal.
That outlook gained traction in June when SUI printed a higher low and finally broke through its diagonal resistance, often a strong signal of a shift toward bullish momentum.
Still, SUI isn’t in the clear just yet. The $4 horizontal resistance remains a key hurdle. Until the price flips that level into support, a move back toward all-time highs remains just out of reach.
Nevertheless, momentum indicators suggest a breakout is imminent. Once the SUI price cleared its diagonal resistance, the Relative Strength Index (RSI) crossed above 50 (black circles).
So, momentum is shifting, and with a diagonal resistance breakout already happening, the breakout from the horizontal resistance is next.
SUI All-Time High
Adding to the positive long-term analysis, the short-term wave count and price movement are extremely positive.
SUI had one of the most textbook five-wave increases since April, and was one of the first altcoins to bounce once the crypto market turned bullish.
Then, it completed a correction inside a descending parallel channel combined with a deviation and reclaim of the 0.618 Fibonacci retracement support level.
These are all positive signs that the SUI’s price is in its expansion phase and the coin will soon break out above $4.
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.
Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer.
He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape.
Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights.
He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.
