The post SUI Price is Breaking Out—Will it Surge by 35% in July? appeared first on Coinpedia Fintech News
The SUI token has emerged from a prolonged consolidation phase, sparking renewed interest among traders and analysts. With its price breaking above a critical resistance zone near $3, SUI appears poised to validate a significant upside move. This could potentially reach the $4 to $4.3 range, over a 30% upswing from the current levels. Backed by growing ecosystem adoption and favorable technical patterns, the current momentum suggests this month could be crucial for the token’s market trajectory.
SUI Breaks Key Resistance—Aims for $4.12
SUI recently breached the $3 resistance level, marking a confirmed breakout from a descending channel that had previously capped its gains. This breakout has been undervalued by rising open interest and increasing spot volume. The 4-hour chart reflects strong bullish momentum, with RSI maintaining a level above 50, signaling continued buying pressure.
As seen in the above chart, the latest rise has placed the levels between the 50-day & 200-day MA, which points towards a bullish trajectory. The RSI is incremental and hence supports the bullish thesis. As a result, the price is believed to rise above the pivotal 200-day MA at $3.27 which could form a strong base, substantiating the next bullish action.
Ecosystem Growth and Social Buzz Amplify the Rally
Beyond the technicals, SUI’s growing ecosystem is helping reinforce investor confidence. Key DeFi integrations, rising developer activity, and partnerships within the Web3 space are adding fuel to the bullish fire. The surge in DEX volume and wallet activity suggests user participation, which often precedes sustained price movements. Social sentiment around SUI has also spiked significantly over the last week, highlighting its potential breakout pattern.
Despite the bullish outlook, rising above the levels between $3.2 and $3.38 may offer a strong resistance to the rally. Additionally, the upcoming token unlocks could introduce short-term sell pressure, even though recent unlocks have had a minimal impact on price stability. Hence, a decisive close above this range may only unlock a new phase of growth for the token, which may push the SUI price above $4.
