SUI Breaks Out of Bullish Chart Pattern, Eyes $3.89 Target

News, Trending

SUI Tests Resistance Confluence

  • SUI confirmed a breakout from an inverse head-and-shoulders pattern near $3.08.
  • Strong technicals and rising momentum support a potential move toward the $3.89 target.
  • Short-term pullback possible, but $3.08 remains key support for continued bullish trend.

Sui’s SUI has once again flipped the script. After days of sideways drifting, the token blasted through resistance with force. A confirmed breakout from an inverse head-and-shoulders pattern pushed SUI into bullish territory.

With Bitcoin setting a new all-time high at $116,511, the market’s momentum is heating up. SUI quickly followed, gaining over 11% in the last 24 hours. Now, attention turns to whether this move can continue—and reach the $3.89 target waiting above.

Technicals Back the Bulls as Breakout Strengthens

At press time, SUI trades near $3.48. That’s a solid leap from its recent bounce at the 20-day exponential moving average (EMA) around $2.92. The price also broke above the 50-day simple moving average (SMA) at $3.08. Both levels now serve as critical points of support for any potential dip.

The EMA is beginning to slope upward, showing improving short-term momentum. Meanwhile, the relative strength index (RSI) moved above the neutral 50 zone and now sits comfortably in bullish territory. This signal confirms that buying pressure has returned in a big way.

If bulls can keep SUI above the 50-day SMA, the path to $3.55 looks clear. That would be the next minor resistance level. From there, the full chart pattern points to $3.89 as the bigger goal. That’s the height of the inverse head-and-shoulders measured from the neckline to the head.

The recent price action shows strength, but not without warning signs. On the 4-hour chart, the RSI is pushing into overbought territory. That often signals a near-term cooldown or pullback. If one comes, all eyes should focus on the neckline around $3.08.

Short-Term Risks, Long-Term Promise

Even bullish charts need to breathe. If sellers step in, SUI could dip toward the 20-day EMA. If that level fails, $2.80 becomes the next likely stop. A deeper fall to $2.60 would suggest the breakout lost steam. Still, the broader picture remains optimistic. Bitcoin’s rally has recharged the entire crypto space. Traders are hunting for strong setups—and SUI just delivered one.

This breakout, confirmed by volume and momentum, places the token on watchlists everywhere. Support near $3.08 now becomes a key battleground. A strong rebound off that level could invite more buyers. That kind of bounce tends to create powerful continuation moves in trending markets.

If momentum holds, SUI might not just reach $3.89—it could aim even higher. But step by step, each level needs to hold. SUI broke out from a bullish pattern, now targeting $3.89. Support at $3.08 is crucial. Momentum builds with market strength, but short-term dips are possible. Watch for confirmation—this could be the start of something bigger.

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