Analyst Predicts $SUI Breakout as Key Levels Tighten Toward Record Highs

SUI tests $4.29 resistance after TVL hits $2.25B and DEX volume nears $15B, showing strong network activity.

Analysts note bullish breakout patterns, with Fibonacci targets pointing toward $5.24, $6.89, and $7.95 if momentum holds.

Strong support between $2.00–$2.63 Is key, while holding above $3.57 keeps the bullish outlook intact for $SUI.

SUI is moving toward an important price point, with analysts noting strong on-chain growth and technical patterns supporting a bullish outlook. The token total value locked recently hit a new all time high of $2.25 billion, while decentralized exchange volume reached nearly $15 billion in the past month

These metrics show sustained network activity, creating what experts describe as a widening gap between price and fundamentals. As price approaches the $4.30 resistance zone, multiple rejections have weakened the barrier, suggesting a potential breakout could be near.

Resistance Weakening as Price Retests

From April to August of last year, $SUI formed a base between $0.75 and $1.00 before breaking higher. That breakout initiated a broader uptrend, which continues to display higher lows and constant buying pressure

The ascending dotted trendline supports the bullish bias, keeping momentum upward. At press time SUI was trading at $3.86 testing the $4.29 resistance zone. This level has acted as a top several times but shows signs of losing strength

SUI/USDT 1-day price chart, Source: Michael van de Poppe on X

According to analyst Michael van de Poppe, a breakout above this region could push price toward $5.00–$5.50. However, failure to clear the zone may cause a pullback toward $3.20 or the immediate $2.79 support.

Key Fibonacci Levels Outline Breakout Targets

Analyst Ali notes a bullish breakout pattern supported by Fibonacci retracements. From February to April, $SUI declined to $1.92 before forming higher lows and breaking out of a symmetrical triangle in early August

SUI/USDT Perpetual Contract 1-day price chart, Source: Ali on X

The breakout carried price above the 0.618 level at $3.57, now acting as critical support. Price is testing resistance near the 0.786 retracement at $4.23, which aligns with the upper zone around $4.29

Sustained buying could push $SUI toward the 1.0 Fibonacci level at $5.24. Extended bullish projections place targets between $6.89 and $7.95 if momentum continues above the breakout zone.

Historical Context Strengthens Bullish Case

Previous rallies provide context for the current outlook. In late 2024, SUI had a massive surge after breaking from the same green support band around $2.00–$2.63. That zone is a key accumulation area and major support if price retraces.

The historical similarities suggest the market may be up for another extended move. Analysts emphasize that holding above $3.57 is key for keeping the bullish scenario valid. If the token maintains upward momentum, technical structures and on-chain strength could align to retest higher levels in the medium term.

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