SUI Set for Major Rally? Key Breakout Zone Near $3.80 Gains Trader Attention
You are here: Home / News / Altcoin News / SUI Set for Major Rally? Key Breakout Zone Near $3.80 Gains Trader Attention
- SUI trading volume surges by 19.53% as price eyes potential breakout above $3.80 resistance.
- Technical setup signals ascending triangle formation, suggesting bullish momentum ahead.
- Analysts predict SUI may surpass $7.66 by year-end, with mixed views on 2025 targets.
The native token of the Sui blockchain, SUI, currently trading at $3.45, representing a decline of 6.28% within the past 24 hours. Interestingly, however, the drop has coincided with an increase in trading volume by 19.53% to $1.28 billion. While weekly losses stand at 4.36%, the token seems to coil close to making its next move while hovering within an important consolidation area.
Source: Coinmarketcap
As noted by crypto analyst Emma, the price has bounced off the last swing low of $3.66 and created a series of higher lows. This price action depicts an ascending triangle pattern with a flat upper resistance line around $3.80 and an inclining lower trendline. Considered a continuation indicator in technical analysis, this pattern suggests potential bullish momentum upon confirmation with volume.
Emma specifies a clear trading plan: an entry between $3.70 and $3.77, target profits at $3.92, $4.15, and $4.28, with a stop-loss at $3.61. The breakout level is $3.80, which is closely watched, as Emma says that a breakout with volume above this level would result in quick gains.
Candlestick Chart with Key Breakout Levels on Black Background
The chart that Emma posted has a black background and highlights all the important levels in her possible breakout setup. The lower trendline starts at $3.66, which she has labeled as the rebound zone, whereas the upper resistance line is horizontal at $3.80. The words “Market Fell Swing Here” and “High & Should Breakout Here” draw attention to some visual representations of market structure and psychology.
The chart marks a “Consolidation Phase” between $3.66 and $3.80, which indicates that prices are squeezed within limits often leading to significant directional movements. Noting that volume data is not shown, this focus is indeed consistent with one of the rules of thumb in cryptocurrency trading: that breakouts with high volume are often seen as confirmations of bullish setups.
If SUI clears the $3.80 resistance, then the chart shows previous tops at $3.92, $4.15, and $4.28 as possible profit-taking zones. The level of $4.28 is significant as it aligns with a past resistance point at $4.31, which was previously identified as the peak of a “Bear Rally.”
Source: X
SUI price prediction for 2025 shows strong bullish potential
Market predictions for SUI in 2025. According to DigitalCoinPrice, there is a strong bullish outlook that SUI could end the year breaking the $7.66 barrier, which would have surpassed its previous all-time high of $5.35. Investors are looking for continuous build-up based on the growth of the overall crypto market and developments within the ecosystem.
In contrast, Changelly offers a much more conservative outlook, with a projected maximum for 2025 of only $3.16 and an average trading price of around $3.63. Still, even in this cautious scenario, a potential ROI is noted at up to 227%.
Despite the recent price softness, analysts and chart patterns suggest that the next few trading sessions for SUI could be significant. A validated breakout would change near-market sentiment and prepare it for a new upward phase.
Related Reading | Crypto Clampdown: Thailand Blocks Bybit, OKX, and 3 Others
