After a period of consolidation, SUI’s price action has tightened, forming a bullish structure that has crypto analysts buzzing. With a clear foundation for upward movement now in place, the $3.50 resistance level is in the spotlight. Enthusiasts and traders are speculating whether the bulls can muster enough momentum to break through this critical barrier, potentially ushering in a new era of growth for SUI.
Market Structure Strengthens for the Next Wave Up
CryptoPulse, a well-known analyst, recently shared his insights on X, spotlighting how SUI tapped precisely into the $3.30 support zone. Buyers moved swiftly, defending this area with vigor, signaling a readiness for an upward shift. This reaction not only confirmed $3.30 as a vital support level but also bolstered bulls’ confidence. This aligns with observations in XRP Trading Idea: Neutral RSI and Symmetrical Triangle Support $3.30 Breakout, which also highlights the significance of the $3.30 level in recent market movements.
“This strong bounce has allowed me to position long,” CryptoPulse noted, emphasizing his belief in the potential for upward momentum. If the current momentum holds, SUI could continue building a robust structure, laying the groundwork for higher price targets. Looking ahead, his sights are set above the $5 mark — a target that underscores significant upside potential if the breakout structure plays out as anticipated. A rally of such magnitude could mark one of SUI’s strongest performances in months.
SUI Recovers from Major Support Zone
In a complementary update, BitGuru highlighted SUI’s trading position around the $3.28 mark. This comes after the token clawed back from recent lows, testing a major support level and showcasing the resilience of buyers at a crucial juncture.
“The ability of buyers to maintain this momentum is crucial,” BitGuru remarked, adding that a steady bullish pressure could propel SUI toward the $3.50–$3.55 resistance zone — an area poised to serve as the next major test. A successful breakout above this range could fortify the case for a broader upside rally. This mirrors the sentiment seen in Crypto Analyst: Altcoin Charts Flash Rare 2021-Style Breakout Setup, where similar breakout setups are observed across various altcoins.
Yet, BitGuru also emphasized the importance of the $3.20 level as a key downside protection zone. Should the price falter beneath this threshold, the market could face renewed selling pressure. However, for now, market sentiment seems cautiously optimistic as SUI holds onto its recovery momentum.
A Look Back and Forward
Historically, SUI has experienced its share of ups and downs. Previous rallies have been met with resistance, but the current technical setup suggests a distinct upward potential. The $3.30 support zone has proven crucial in past analyses, often acting as a springboard for bullish movements.
Looking forward, the next few weeks will be pivotal. With a potential breakthrough on the horizon, traders and investors are watching closely. The broader market context — including macroeconomic factors and overall crypto sentiment — will undoubtedly play a role in shaping SUI’s trajectory.
As September unfolds, SUI stands at a crossroads. Will it push past $3.50 and embark on a new growth phase, or will it face setbacks at this critical juncture? The next few market sessions promise to be telling, with traders poised to respond to any shifts in momentum.
In the ever-evolving world of cryptocurrency, nothing is set in stone. But for now, SUI’s bulls are certainly making their presence felt, raising questions about whether this trend can continue. As the market watches, one thing is certain: the coming days will be anything but dull.
Source
This article is based on: SUI Breakout Structure Builds – Can The Bulls Push Past $3.50?
Further Reading
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Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
