SUI Price Surges Above 20-Day MA Amid Breakout Momentum
SUI price has jumped over 20% this week, climbing from $2.94 to $3.52 as it breaks above its 5-, 10- and 20-day moving averages on rising volume. The token now tests key resistance near $3.60, the upper boundary of a symmetrical triangle. On-chain data show higher lows since February and a trendline around $1.92. Fibonacci retracements highlight support at $2.82, $3.18 and a floor at $2.60. Short-term indicators are mixed: RSI is approaching overbought territory while MACD lines widen, confirming accelerating momentum. Chart patterns include a completed bullish flag on the three-day chart and a falling wedge with targets at $3.20 and $3.51. Catalysts such as Threshold Network’s tBTC launch on Sui (adding Bitcoin liquidity) and a positive Grayscale report support the rally. However, an upcoming token unlock and an emerging head-and-shoulders pattern could trigger volatility. Traders should watch SUI price, volume and candle closes above $3.60, key support at $2.88 and $3.18, and monitor RSI and MACD signals alongside supply events.
Bullish
The combined updates reflect strong bullish momentum for SUI. Breaking above the 5-, 10- and 20-day moving averages on rising volume and testing the upper boundary of a symmetrical triangle indicate a potential sustained breakout. On-chain higher lows, Fibonacci support levels, and positive catalysts—such as tBTC launch and a Grayscale report—further bolster confidence. Short-term indicators like RSI near overbought and MACD widening confirm momentum but warn of a possible pullback. Chart patterns (bullish flag, falling wedge) point to targets of $3.20–$3.51, while an impending token unlock and head-and-shoulders formation introduce volatility risk. Overall, the news suggests a bullish outlook in both the near term—where traders should watch volume and closing prices above $3.60—and the medium term, as fundamental and technical drivers remain supportive.