SUI rallied 15% to $4.23 on July 26, outperforming most major cryptocurrencies as analysts flagged the move as the potential start of a powerful breakout.
Momentum Builds Behind SUI’s Uptrend
The sharp rally extended SUI’s monthly gains to over 62%, with the token now up 13.1% in the last week and nearly 29% over the past two weeks, according to CoinDesk data. The move broke through the psychological $4.00 level, triggering a wave of fresh trading interest.
“This isn’t just another pump — it’s the start of SUI’s next explosive leg,” said technical analyst Marcus Corvinus, citing a textbook AB=CD bullish pattern. The setup reflects symmetrical price action and often signals the beginning of a larger breakout move.
Analysts See $7–$10 as Next Targets
Corvinus outlined multiple price targets if the rally holds:
- $5.64 to complete the AB=CD pattern
- $6.70 as a potential acceleration point
- $8.00 or higher if momentum fully ignites
Meanwhile, another analyst, CryptoBull_360, highlighted the significance of a trendline resistance that has capped SUI’s previous rallies. He argued that a decisive breakout above this line could open the path toward $7 to $10, a range many are now watching closely.
Volume, Accumulation Data Back Bullish Outlook
According to Research’s TA model, volume during the rally nearly doubled the 24-hour average, confirming strong demand. A clear accumulation zone formed below $4.00, suggesting that buyers were preparing for a breakout well in advance.
Institutional interest appears to be backing the move, with multiple support levels now confirmed between $3.80 and $4.10.
Conclusion: SUI Enters Breakout Watch Zone
With bullish momentum, technical confirmation, and high trading volume, SUI is now in a potential breakout zone. Traders are watching closely to see if it can hold above $4.20 and test the next resistance levels around $5.00 and beyond.
As sentiment shifts and volume remains elevated, the path toward $7–$10 is gaining credibility — making SUI one of the most closely-watched altcoins in the current market cycle.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.