Sui (SUI) rallied 15% on Saturday to $4.23, extending its multi-week surge and outperforming most major cryptocurrencies. The token is now up 13.1% over the past week, 28.7% in the last 14 days, and 62.3% over the past month, according to CoinDesk data.
The move drew renewed attention from crypto traders, with multiple analysts flagging potential for a broader breakout. MartyParty, a well-known investor and commentator, told followers on X that SUI under $5 remains one of the top altcoin opportunities in the market. “Time is running out,” he warned. “It’s not about price—it’s about how many tokens you have.”
Other analysts focused on chart signals that suggest a major breakout may be underway.
"Marcus Corvinus" described the setup as a “breakout zone loading,” noting that SUI’s price is pressing against trendline resistance — a level that has repeatedly capped its recent rallies. He pointed to a technical formation called an AB=CD pattern, which reflects symmetrical price moves. When completed, this pattern often precedes another leg higher.
Corvinus said momentum is building quickly and outlined a series of bullish price targets: $5.64 to complete the pattern, $6.70 as an “acceleration zone,” and $8.00 if the rally gains full momentum. “This isn’t just another pump,” he wrote. “It’s the start of SUI’s next explosive leg.”
A third analyst, posting under the handle CryptoBull_360, emphasized the importance of a key resistance level that SUI has failed to break through in previous attempts. He suggested a decisive move above that line could open the door to a rally toward $7–$10.
The technical case appears to be supported by trading data. According to CoinDesk Research's technical analysis data model, SUI saw a clear period of accumulation during the prior day, followed by a high-volume breakout above the $4.00 psychological level. Volume nearly doubled its 24-hour average during the surge, and support levels formed at multiple price points, indicating sustained institutional interest.
With analysts pointing to clean chart structures, accelerating momentum, and expanding upside targets, all eyes are now on whether SUI can deliver the breakout candle that traders have been waiting for.
Technical Analysis Highlights
- SUI-USD rose 14% during the 24-hour session from July 25 at 16:00 UTC to July 26 at 15:00 UTC, climbing from $3.67 to $4.18.
- After 16 hours of consolidation between $3.65 and $4.00, the token broke above the $4.00 psychological resistance around 04:00 UTC.
- Trading volume spiked to 28.8 million during the 14:00 hour UTC, nearly double the 24-hour average of 14.35 million, confirming strong buying interest.
- Key short-term support formed at $3.93, $3.98, and $4.02 as prices moved higher.
- In the final 60 minutes of the session, SUI rose another 2%, jumping from $4.09 to $4.17, with volume peaking near 2.96 million.
- Resistance was cleared at $4.10, $4.12, and $4.15 before a short consolidation around $4.16–$4.17.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
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