SUI Breakout: Cup-and-Handle Targets $4.20 After 35% Rally
SUI price jumped 35% over the past month and rallied 12% in a week as an AI model flagged a cup-and-handle breakout targeting $4.20. After Bitcoin’s record high, SUI surged to $3.91 with trading volume up 192% to $2.76 billion and market cap at $13.45 billion. The token trades above key EMAs and has an RSI of 72, signaling strong momentum and potential pullback. Key resistance stands at $4.00, with support zones at $3.50–3.60 and an EMA cluster around $3.03–3.16. Institutional backing from VanEck and Lion Group underpins sustained demand. A move above $4 could drive SUI toward $6–8. Ninety-day forecasts range from a 54–105% bull case to consolidation at $3.50–3.60 and a bear case correction to $2.80–3.00.
Bullish
Strong volume growth, institutional backing and a clear cup-and-handle breakout signal bullish momentum for SUI in both the short and long term. Key technical indicators—RSI at 72, EMAs alignment, and defined resistance at $4.00 with support zones—suggest a high probability of an upward move once the barrier is cleared. Although an overbought RSI may prompt a brief pullback, the 90-day forecasts in a bull case see up to 105% upside, underpinned by sustained demand from VanEck and Lion Group.