Sui (SUI) has as soon as once more defended a important long-term assist degree, sparking recent optimism that the token could also be gearing up for a serious rally.
This marks the third profitable rebound from the identical zone this yr, with costs just lately hovering round $3.38.
Analyst Lau sees the setup as eerily just like previous breakouts. She highlights a persistent ascending trendline that has traditionally acted as SUI’s launchpad — together with one rally that exceeded 1,000%. Lau believes that clearing $4.55 might open the door to her $7 goal, particularly with the sample of upper lows reinforcing bullish momentum.
Institutional curiosity can also be including gas to the hearth. Switzerland’s Sygnum Financial institution has built-in SUI into its custody, staking, and buying and selling choices for institutional purchasers, a transfer that bolsters the token’s standing in conventional finance. On-chain information displays rising adoption, with stablecoin transactions on the Sui Community topping $1 trillion, indicating deeper liquidity and lively engagement.
Nonetheless, near-term pressures persist. CoinGlass information factors to barely larger spot inflows than outflows, hinting at delicate promoting exercise, whereas taker promote quantity has outweighed buys over the previous 90 days. But sentiment stays firmly bullish — Binance’s long-to-short ratio sits at 2.39, with over 70% of merchants betting on positive factors.
If shopping for momentum holds and the $4.55 resistance falls, SUI’s path towards $7 might shift from a distant aim to an imminent breakout.
