Sui Price Eyes Next Breakout as Bulls Hold Key Levels
- Sui recently broke above the $4.25–$4.35 resistance zone, now acting as solid support, with analysts eyeing a move toward its $5.29 high if momentum continues.
- Current trading sits around $3.61, with short-term support at $3.50 and bullish targets between $4.30 and $5.00 if volume spikes.
- Long-term forecasts suggest $6–$7 by 2025, fueled by DeFi growth and broader adoption, with potential for further gains by 2030.
Sui has managed to push above the resistance zone between $4.25 and $4.35, a move traders were watching closely. After the breakout, the price slipped back to retest that area, which now seems to be holding as a strong support. Bulls are calling this a healthy setup, potentially setting the stage for another run toward all-time highs if momentum builds again.
Analysts argue that clearing $4.35 decisively could ignite a strong rally, maybe even challenging Sui’s historical highs. Right now, the closest support zone sits between $3.54 and $3.66, a range that has held firm during previous pullbacks. If buyers step in around these levels, the next leg up might not be too far off.
Resistance Zones and Key Pivot Points
The $4.25 level is still acting as a stubborn barrier, both technically and psychologically. A clean break above it could pave the way toward the 52-week high of $5.29. On the flip side, if things turn bearish, the $2.80 zone provides a strong safety net. Any deeper correction could even test $2.29, which aligns with an important Fibonacci level and historical support.
For shorter-term trends, the $3.67 pivot is crucial. Staying above it keeps the bullish outlook intact. A drop below could open doors for a temporary slide toward $2.80. Analysts also note that a breakout through $4.00 would flip resistance into support, targeting $4.30 first and then possibly $5.00 if trading volume picks up again.
SUI Price Forecast for 2025 and Beyond
At the moment, SUI is trading around $3.61, up just under 1% in the past day. If the current pennant pattern plays out, a quick correction toward $3.50 support is possible. Still, bullish sentiment and consistent buying demand suggest that downside moves might be limited in the near term.
Looking forward, many analysts see SUI climbing to the $6–$7 range in 2025, especially with the rapid expansion of its DeFi ecosystem. Of course, market conditions will play a huge role, but its Layer 1 foundation and growing adoption give it a shot at steady long-term growth. By 2030, projections remain speculative, but with the right fundamentals and ecosystem strength, Sui could emerge as a major player in the next wave of blockchain projects.
The post Sui Price Eyes Next Breakout as Bulls Hold Key Levels first appeared on BlockNews.
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Sui Price Eyes Next Breakout as Bulls Hold Key Levels
- Sui recently broke above the $4.25–$4.35 resistance zone, now acting as solid support, with analysts eyeing a move toward its $5.29 high if momentum continues.
- Current trading sits around $3.61, with short-term support at $3.50 and bullish targets between $4.30 and $5.00 if volume spikes.
- Long-term forecasts suggest $6–$7 by 2025, fueled by DeFi growth and broader adoption, with potential for further gains by 2030.
Sui has managed to push above the resistance zone between $4.25 and $4.35, a move traders were watching closely. After the breakout, the price slipped back to retest that area, which now seems to be holding as a strong support. Bulls are calling this a healthy setup, potentially setting the stage for another run toward all-time highs if momentum builds again.
Analysts argue that clearing $4.35 decisively could ignite a strong rally, maybe even challenging Sui’s historical highs. Right now, the closest support zone sits between $3.54 and $3.66, a range that has held firm during previous pullbacks. If buyers step in around these levels, the next leg up might not be too far off.
Resistance Zones and Key Pivot Points
The $4.25 level is still acting as a stubborn barrier, both technically and psychologically. A clean break above it could pave the way toward the 52-week high of $5.29. On the flip side, if things turn bearish, the $2.80 zone provides a strong safety net. Any deeper correction could even test $2.29, which aligns with an important Fibonacci level and historical support.
For shorter-term trends, the $3.67 pivot is crucial. Staying above it keeps the bullish outlook intact. A drop below could open doors for a temporary slide toward $2.80. Analysts also note that a breakout through $4.00 would flip resistance into support, targeting $4.30 first and then possibly $5.00 if trading volume picks up again.
SUI Price Forecast for 2025 and Beyond
At the moment, SUI is trading around $3.61, up just under 1% in the past day. If the current pennant pattern plays out, a quick correction toward $3.50 support is possible. Still, bullish sentiment and consistent buying demand suggest that downside moves might be limited in the near term.
Looking forward, many analysts see SUI climbing to the $6–$7 range in 2025, especially with the rapid expansion of its DeFi ecosystem. Of course, market conditions will play a huge role, but its Layer 1 foundation and growing adoption give it a shot at steady long-term growth. By 2030, projections remain speculative, but with the right fundamentals and ecosystem strength, Sui could emerge as a major player in the next wave of blockchain projects.
The post Sui Price Eyes Next Breakout as Bulls Hold Key Levels first appeared on BlockNews.
Read More
Cardano Consolidates as Bulls Lose Steam