Friday, July 25, 2025
Daily Crypto Post
  • Home
  • News
    • Altcoins News
    • Cryptocurrency News
  • Market
    • Price Analysis
  • About
  • Contact
No Result
View All Result
  • Home
  • News
    • Altcoins News
    • Cryptocurrency News
  • Market
    • Price Analysis
  • About
  • Contact
No Result
View All Result
Daily Crypto Post
No Result
View All Result

SUI Price Breakout or Fakeout? What Chart Patterns Are Saying

Jonathan Carls by Jonathan Carls
June 7, 2025
in Market, News, Price Analysis
Reading Time: 3 mins read
SUI Price Breakout or Fakeout What Chart Patterns Are Saying
Share on FacebookShare on TwitterShare on RedditShare on Telegram
  • SUI forms bullish structure but faces critical resistance at the $3.30 level
  • Weak MACD and neutral RSI signal caution despite recent price momentum
  • Holding above $3.15 is vital to confirm breakout and avoid a fakeout below $3.02

Sui (SUI) has grabbed trader attention with its strong intraday surge, climbing 8.53% in the past 24 hours. The price currently stands at $3.27, sparking discussions about whether this marks the beginning of a sustained bullish breakout or just another short-lived fakeout. Despite a noticeable dip in trading volume, the token’s price action suggests solid upward momentum. 

Market Structure and Trend Insights

The recent price rally from the $3.02 level has created a higher high and higher low pattern on the daily chart. This typically signals a bullish continuation. The move appears steady and calculated, with brief consolidations that suggest healthy market behavior. Significantly, buyers managed to defend minor pullbacks, keeping the price above short-term support zones.

Related articles

Will VeChain's Deal with Franklin Templeton Send $VET to New Highs

Will VeChain’s Deal with Franklin Templeton Send $VET to New Highs?

July 25, 2025
XRP Set to Fill CME Gap as Price Slips Below Key Level on 12-Hour Trend

XRP Set to Fill CME Gap as Price Slips Below Key Level on 12-Hour Trend

July 25, 2025

Besides the bullish price structure, SUI faces a resistance wall near $3.30. This level has already shown signs of rejection, signaling cautious optimism among traders. A clean break above this could open the path toward $3.35 and beyond. However, if price action falters and slips below $3.15, the bullish case weakens. A further dip beneath $3.02 would likely confirm a fakeout and invite stronger selling pressure.

Key Indicators to Watch

SUI/USD daily price chart, Source: TradingView

Despite the bullish chart pattern, the MACD tells a different story. The MACD line remains below the signal line and is also in negative territory. This suggests that downside momentum is still present. Momentum is not accelerating, but it’s not reversing either.

Moreover, the Relative Strength Index (RSI) is neutral at 46.04. This reading is just above oversold territory but not yet bullish. If the RSI climbs above 50, it could confirm renewed buying interest. Conversely, a drop below 40 would likely attract sellers and drive further downside.

Outlook: Breakout or Bluff?

SUI’s future price movement depends heavily on its ability to hold above $3.15 in the coming sessions. If it succeeds, a breakout above $3.30 could follow quickly. However, technical caution is warranted due to weakening momentum indicators. Traders should watch for volume confirmation before jumping in. In the short term, price action near $3.02 remains the critical level to watch for trend invalidation.

Tags: Price AnalysisSUI (SUI) News

Related Posts

Will VeChain's Deal with Franklin Templeton Send $VET to New Highs

Will VeChain’s Deal with Franklin Templeton Send $VET to New Highs?

by Jonathan Carls
July 25, 2025

VeChain’s Franklin Templeton deal boosts its role in tokenized treasury finance. Institutional adoption grows as BitGo and Keyrock strengthen VeChain’s...

XRP Set to Fill CME Gap as Price Slips Below Key Level on 12-Hour Trend

XRP Set to Fill CME Gap as Price Slips Below Key Level on 12-Hour Trend

by Munene Timothy
July 25, 2025

XRP is targeting its unfilled CME gap between $114,440 and $115,555 after falling below the 21 EMA on the 12-hour...

Ethereum Surpasses Bitcoin in Weekly Spot Volume for First Time in Over a Year

Ethereum Surpasses Bitcoin in Weekly Spot Volume for First Time in Over a Year

by Irene Mukiri
July 25, 2025

Ethereum surpasses Bitcoin in weekly spot volume for first time in over a year Ethereum ETF inflows hit $332M in...

Larsen-Linked Transfer of 50M XRP Triggers Market-Wide Discussion

Larsen-Linked Transfer of 50M XRP Triggers Market-Wide Discussion

by Veronicah Peninah
July 25, 2025

Blockchain data shows $175M worth of XRP transferred, with $140M routed to exchange-associated addresses. XRP's minor price drop coincided with...

Bitcoin Market Stirred by Massive Whale Movements as Bullish Pattern Emerges

Bitcoin Market Stirred by Massive Whale Movements as Bullish Pattern Emerges

by Jonathan Carls
July 25, 2025

Galaxy Digital’s $1.39B BTC deposits stir sell-off fears and market volatility Inverse Head and Shoulders on BTC chart hints at...

Load More

Recent News

  • Will VeChain’s Deal with Franklin Templeton Send $VET to New Highs?
  • XRP Set to Fill CME Gap as Price Slips Below Key Level on 12-Hour Trend
  • Ethereum Surpasses Bitcoin in Weekly Spot Volume for First Time in Over a Year
  • Larsen-Linked Transfer of 50M XRP Triggers Market-Wide Discussion
  • Bitcoin Market Stirred by Massive Whale Movements as Bullish Pattern Emerges

Popular News

  • Solana SOL Has Just Reclaimed $7 Billion in DeFi TVL

    Solana: SOL Has Just Reclaimed $7 Billion in DeFi TVL

    232 shares
    Share 93 Tweet 58
  • Over $33M in Token Unlocks Set to Impact Crypto Markets Amid Escalating Global Tensions

    200 shares
    Share 80 Tweet 50
  • KEKIUS Price Prediction for June 2025: Signs of Weak Momentum and Accumulation Battle

    198 shares
    Share 79 Tweet 50
  • Bitcoin and Ethereum Face Pressure as 2,500 BTC and 80,000 ETH Hit Exchanges Amid Political Fallout

    197 shares
    Share 79 Tweet 49
  • Market Analyst say XRP Could Finally Break Out of Its Current Consolidation in 2-4 weeks If It’s Following 2017

    196 shares
    Share 78 Tweet 49

Live Crypto News | Bitcoin and Altcoins News & Insights.

Recent News

Will VeChain's Deal with Franklin Templeton Send $VET to New Highs
Will VeChain’s Deal with Franklin Templeton Send $VET to New Highs?
July 25, 2025
XRP Set to Fill CME Gap as Price Slips Below Key Level on 12-Hour Trend
XRP Set to Fill CME Gap as Price Slips Below Key Level on 12-Hour Trend
July 25, 2025
Ethereum Surpasses Bitcoin in Weekly Spot Volume for First Time in Over a Year
Ethereum Surpasses Bitcoin in Weekly Spot Volume for First Time in Over a Year
July 25, 2025

© Daily Crypto Post. Live Crypto News | Bitcoin and Altcoins News & Insights. All Rights Reserved.

No Result
View All Result
  • Home
  • News
    • Altcoins News
    • Cryptocurrency News
  • Market
    • Price Analysis
  • About
  • Contact