Sui (SUI) has shown renewed buying interest as it holds above the crucial $3.20 support level. Technical analysis points to a possible breakout from its current consolidation phase, with traders watching for movement toward the $4.50 price target.
The cryptocurrency has been trading at approximately $3.53, though it experienced a 3.90% decline in the past 24 hours at the time of reporting. Despite this short-term dip, the overall structure remains bullish as long as prices maintain above key support levels.
Market participants have been closely watching the formation of an ascending triangle pattern on SUI’s daily chart. This technical setup is characterized by a horizontal upper resistance near the $3.90-$4.50 range combined with a rising lower trendline.
The pattern shows SUI forming higher lows over time, which typically signals an uptrend in progress. This gradual stepping up of the price floor often indicates accumulation by buyers who continue to support the market at progressively higher levels.
Each test of the $3.20 support zone has been met with renewed buying pressure. This consistent demand at this price level suggests trader confidence in SUI’s current valuation as a strong foundation for future price increases.
For traders looking to capitalize on this setup, experts suggest the ideal entry point falls between $3.20 and $3.30. This range aligns with the key support level where buying interest has consistently appeared.
The $3.00 price point serves as a critical threshold for the current bullish outlook. A break below this level could trigger a sentiment shift from positive to neutral or negative, potentially opening the door to further price declines.
Risk-conscious traders are advised to place stop-loss orders just below the $3.00 mark to protect against unexpected market movements. This strategy helps limit potential losses while still allowing for participation in the possible upside.
Trading volumes for SUI have remained steady, indicating healthy market engagement. Analysts note that triangle formations typically precede major price movements, with volume validation enhancing the chances of a successful breakout.
The primary price targets if the breakout occurs include $4.00 as the first resistance level, followed by $4.50 as the secondary target. These levels represent historical supply zones where sellers have previously taken profits.
Recent market developments could provide additional catalysts for SUI’s price action. China’s introduction of a regulated CNH-pegged stablecoin in September 2025 may influence altcoin dynamics and potentially benefit SUI if cross-border crypto sentiment improves.
Should the ascending triangle pattern complete as expected, SUI’s price could move beyond current resistance levels toward new highs. Some market observers believe the token could reach or exceed $4.50 in the near term if bullish conditions continue.
The higher target of $4.50 represents approximately a 27% increase from current price levels around $3.53. This upside potential has attracted attention from traders looking for opportunities in the current market.
$SUI after taking much down movement making a nice shape ever.
If breakout here we'll see another higher high that's happening with SUI continuously. pic.twitter.com/Pq4foTaO0I
— Mark.eth
(@MarkETHreal) September 21, 2025
Historical analysis of similar triangle patterns suggests these formations often lead to decisive price movements once resolved. The direction of the breakout typically follows the prevailing trend, which in SUI’s case appears to be upward.
For SUI to maintain its bullish momentum, it must continue to form higher lows while challenging the upper resistance boundary. A successful breakthrough would likely attract additional buyers and could accelerate price movement.
The current setup offers a favorable risk-to-reward ratio for traders who enter at support levels with clear stop-loss parameters. This approach allows for defined risk while positioning for potential gains from the expected upward movement.
SUI’s price action will likely be influenced by both project-specific developments and broader cryptocurrency market trends. Traders should stay informed about both technical and fundamental factors that could affect price direction.
At press time, SUI was trading at $3.53, with immediate support at $3.20 and resistance at $3.90-$4.50. The price appears poised for its next move as the ascending triangle pattern approaches completion.
The post Sui (SUI) Price: Support Holding at $3.20 as Traders Eye Breakout to $4.50 appeared first on Blockonomi.
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