Sui recently broke above a key resistance zone from $4.25 to $4.35. Following a breakout, the price rightfully retraced to the zone, turning it into a strong support area. Bulls see this as a favorable setup for further price movements towards all-time highs.
Analysts believe a clear breakout above $4.35 can be a catalyst for a rally, which can test the coin’s all-time high historical price levels. The current support range lies between $3.54 and $3.66. The zone has held steady and can act as a base for further strength should bulls take up again.
Also Read: Is SUI the Next Solana? Analysts Predict $50 Target Soon
Resistance is strong at $4.25, with support both from history as well as psychological evidence. A breakout over this level would offer a pathway for a move to the 52-week high of $5.29. On the downside, key support is at $2.80, which offers a cushion zone on a bearish squeeze.
The $3.67 pivot point is significant for short-term verification of trends. Staying above it cements bullish sentiment. A drop could spark a correction towards the $2.80 area. Further corrections can test the $2.29 level, an important fib level, and past support.
Analysts think a breakout through $4.00 would turn resistance into support. That would open up a pathway to $4.30, with $5.00 next. If volume returns, Token can reassume bullish strength and return to previous highs before the year is over.
Today, SUI is trading at $3.61 with a 0.9% rise in the past 24 hours. If SUI breaks out of its current pennant chart formation, a correction to $3.50 support is probable. However, prevailing bullish indicators suggest short-term losses are capped for as long as buying demand accumulates.
Looking ahead, analysts anticipate SUI moving from $6 to $7 in 2025 with rising adoption as well as its expanding DeFi ecosystem. Favorable market conditions could further support this upward trajectory over the next year.
Long-term projections for 2030 are speculative, but the progression of SUI as a Layer 1 blockchain shows potential. A strong ecosystem with steady user growth can make SUI a strong competitor. For now, $4 is an important milestone to follow.
Also Read: Can SUI Break $4.25 Resistance? Price, Volume, and Sentiment Say Yes
