- SUI’s recent 3.77% price surge indicates short-term market optimism from heightened trading levels and increasing consumer interest.
- The current market conditions are defined by important price levels at $2.09 which act as support and $2.29 which acts as resistance.
- A bull pattern nearby suggests upcoming price breakout and potential targets between $40–$41 if the upward trend continues.
Sui is an open and decentralized smart contract platform that plays a vital role in the crypto ecosystem. It allows users to participate in network governance and earn rewards through staking.With this innovative feature,Sui has seen notable price increase recently.
The current trading price for Sui is $2.25 while its market dominance stands at 0.19% with a total market cap of $5.21 billion and a trading volume of $1.83 billion over the previous day. The market shows increasing activity as the price of Sui rose by 3.77% throughout the past 24 hours.
Key Support and Resistance Levels Amid Market Volatility
The 24-hour price range indicates that SUI support is at $2.09 and the resistance at $2.29, highlighting a moderate level of volatility.The upward price movement (+1.5%) suggests a short-term bullish trend, likely driven by increased demand or strong buying pressure.
SUI may rise above $2.30 to potentially reach $2.35 if bullish trends persist along with robust market sentiment. However,bearish demand can drive SUI to fall to $2.15 and potentially reach as low as $2.09 in support levels. A breakdown below $2.09 might trigger further declines towards $2.00, especially if market sentiment weakens.
SUI Poised for Breakout: Bullish Pattern Forming
According to analyst CryptooELITES,Sui is sitting in a prime buying zone and an upward move is about to start soon with a mid-term target being $40. The Sui chart illustrates a cup and handle pattern forming in the SUI/USDT market, which is typically a bullish continuation signal.
SUI Mid-Term Target: $40
— @CryptoELlTES (@CryptooELITES) March 12, 2025
Technically, we are sitting in a prime buying zone. I expect an upward move to start soon!#SUI $SUI #Crypto #Sui $Sui pic.twitter.com/bN4e7cdpCX
The price has tested a key horizontal resistance zone ($2.73) multiple times before a potential breakout. The rounded bottom formations indicate strong accumulation, suggesting growing bullish momentum. The target price is projected at $41, implying a significant upside move. If the price holds above support, further gains could materialize. However, a failure to hold this level may lead to a retest of lower supports.
SUI’s recent price action and bullish chart patterns suggest strong upward potential, with a possible breakout.If momentum sustains, SUI could surge higher, but a breakdown may lead to lower support retests.
