- SUI price breakout confirms reversal with strong technical support above $4.01.
- Token volume surge reflects growing adoption across major crypto exchanges.
SUI is showing renewed bullish strength as the price pushes through a long-standing resistance. SUI has reclaimed the $4.01 horizontal resistance level, which was tested several times in 2024 and early 2025.
Top analyst Crypto Tony, this reclaim marks a valid entry for long positions. The latest weekly candle closed firmly above this zone, confirming the breakout. The move has also formed a higher low, a common signal of trend reversal.
The price structure now indicates strength, with SUI pushing upward after consolidating below the resistance area. Market watchers suggest that if the current momentum holds, SUI may target previous highs seen earlier in 2025.
SUI Surpasses $510 Billion in Token Volume
SUI crossed a major milestone by exceeding $510 billion in total token volume. The data shows an exponential rise in cumulative volume since early 2024. Monthly averages now reach $18.89 billion across centralized and decentralized exchanges.
This growth reflects increasing utility and liquidity across the SUI ecosystem. Analysts note that the consistent uptick in trading volume supports the ongoing bullish momentum.
The tokenās expanding footprint signals stronger adoption and broader market engagement. As volume continues to rise, SUI may establish itself further in the competitive crypto landscape.
Breakout from Downtrend Channel Validates Bullish Reversal
SUI has broken out of its descending channel, as confirmed by the daily chart from Binance via TradingView. The price is currently trading near $3.45, holding above the 50-day moving average at $3.05. A spike in volume accompanied the breakout, reinforcing its credibility.
The breakout above the upper red trendline signals a reversal from the recent bearish phase. Analysts project a short-term target of $5.00, with a minor pullback expected before continuation.
If bulls maintain control, SUI may enter a sustained uptrend. Chart patterns and technical support suggest a positive outlook for the coming weeks.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
