Sui (SUI) is exhibiting renewed bullish momentum after breaking above key resistance ranges, and its technical indicators are pointing towards a possible continuation rally. The charts reveal a well-structured uptrend forming on each the day by day and hourly timeframes, which has traders eyeing the next major psychological barrier at $5.
SUI Value Prediction: What Does the Each day Chart Say?
The daily chart displays a strong bullish recovery from April lows close to $1.80. After weeks of consolidation and sideways motion, SUI has lastly damaged above the 50-day and 100-day shifting averages. It’s at present buying and selling above all main SMAs (20, 50, 100, 200), with the 20-day SMA crossing above the 50-day — a textbook bullish crossover. The value is hovering round $4.09, up practically 1.86% for the day, and has cleanly breached earlier resistance close to $3.50–$3.80.
What’s extra fascinating is the constructive slope in the Accumulation/Distribution Line (ADL), indicating rising shopping for stress. The current SUI price surge isn’t just speculative — it’s supported by sturdy quantity and accumulation, which provides weight to the breakout.
What’s Taking place on the Hourly Chart?
Zooming into the hourly chart, the momentum seems simply as stable. After retesting the $3.80 zone a number of occasions, SUI price launched a strong rally, hitting an intraday excessive above $4.20 earlier than pulling again barely. The shifting averages are completely aligned for a short-term rally: the 20, 50, 100, and 200 SMAs are stacked bullishly. Regardless of a minor cooldown at press time, SUI continues to be buying and selling above the 20-SMA on the 1-hour chart — signaling a wholesome development.
Quantity spikes on upward candles and flat ADL throughout dips counsel that short-term dips are being purchased aggressively. This setup will increase the probability of one other leg up if SUI holds above $3.95.
SUI Value Prediction: Will SUI Hit $5 Quickly?
Given the technical construction and present momentum, $5 is the subsequent logical resistance goal. The psychological spherical quantity, mixed with the excessive from early January, makes it a beautiful stage for each swing merchants and profit-bookers. If the bulls keep management and SUI price stays above $4.00, we may see an impulsive transfer towards $4.60 first, adopted by a possible breakout to $5.
On the draw back, $3.80 acts as a vital assist. A breakdown beneath this stage may set off a retest of the 50-day SMA close to $3.30.
Last Ideas
SUI price is no longer in accumulation — it’s in breakout mode. With sturdy assist from shifting averages, rising accumulation, and constructive short-term construction, the momentum favors bulls. If macro market situations keep impartial to constructive, SUI may very properly check the $5 mark in the coming days.
