- SUI trades near $3.56, forming an ascending triangle with resistance at $4.32 .
- Fibonacci levels show $3.10 and $3.59 are key zones to watch before a breakout above $4.32.
- A breakout could send SUI to $5.48, $6.20, and $7.39, if volume and momentum hold.
SUI is showing strong signs of a breakout as its market cap rebounds above $12 billion. With solid support holding and growing volume, traders are eyeing a potential rally toward the $7 price mark soon.
SUI Price Builds Strength
SUI price is gaining attention as it trades in a bullish setup. The token is priced around $3.56 as of writing time, showing a 2.47% rise in 24 hours and over 9% in the past week. Charts show an ascending triangle with resistance at $4.32 and rising support from below, hinting at a possible move higher.
Analyst Ali_charts pointed out that this pattern often leads to breakouts.Price is holding above the 0.786 level which is a good sign for bulls.
Past breakouts in November 2024 and April 2025 also followed similar patterns and led to big rallies. If history repeats, SUI could make another strong upward move.
Key Support Zones to Watch
Volume is a key factor. Past breakouts saw volume spikes before the move. A similar sign now would boost the chances of success. Traders can also look for pullbacks to the trendline for better entries.
SUI’s market cap dropped to $11B in late August but has recovered strongly, rising to nearly $13B by mid-September. This climb shows growing investor confidence and could signal a bullish breakout ahead if momentum holds. Key levels suggest further upside may be possible in the coming weeks.
Bulls Target Higher Levels
If SUI breaks above $4.32 with strong volume, the next targets could be $5.48, $6.20, and $7.39. These are based on Fibonacci extension levels. The pattern looks similar to past breakouts, which led to price doubling in a short time.
On-chain updates also support the bullish case. In 2025, the Sui Network launched new products like Seal for private data, Walrus for storage, and Deepbook for trading. At the Sui RL event in Bali, co-founder Kostas Chalkas also teased new tools like Hashi, linked to Bitcoin, and Swiss Snaps, focused on private NFTs.
These updates show the Sui team is still building and expanding, which adds support to the price action.
