SUI (SUI) recovered 15% on Saturday at $ 4.23, extending its increase of several weeks and exceeding most main cryptocurrencies. The Token now increased 13.1% during the past week, 28.7% in the last 14 days and 62.3% during the last month, according to Coindesk data.
The movement caught the renewed attention of cryptography merchants, with analysts marking the potential for a broader breakdown.
“Marcus Corvinus” described the configuration as a “burden of the rupture zone”, pointing out that the sui price is pressing against the resistance of the trend line, a level that has repeatedly limited its recent recent manifestations. He pointed out a technical formation called AB Pattern, which reflects symmetrical price movements. When completed, this pattern often precedes a higher leg.
Corvinus said the impulse is being built quickly and described a series of bullish price objectives: $ 5.64 to complete the pattern, $ 6.70 as an “acceleration zone” and $ 8.00 if the rally obtains a total impulse. “This is not just another bomb,” he wrote. “It is the beginning of Sui’s next explosive leg.”
Another analyst, which publishes under the mango “Cryptobull_360”, emphasized the importance of a key resistance level that Sui has failed to cross the previous attempts. He suggested a decisive movement above that line could open the door to a rally around $ 7- $ 10.
The technical case seems to be supported by negotiation data. According to the technical analysis model of Coindesk Research, Sui saw a clear period of accumulation during the previous day, followed by a high volume break above the psychological level of $ 4.00. The volume almost doubled its average of 24 hours during the increase, and the support levels were formed at multiple points of price, indicating a sustained institutional interest.
With the analysts who aim to clean the structures of the graphics, accelerate the impulse and expansion of the upward objectives, all the eyes are now in itself SUI can deliver the candle of the rupture that the merchants have been waiting for.
TECHNICAL ANALYSIS
- SUI-USD increased by 14% during the 24-hour session from July 25 at 4:00 p.m. UTC to July 26 at 3:00 p.m. UTC, rising from $ 3.67 to $ 4.18.
- After 16 hours of consolidation between $ 3.65 and $ 4.00, the Token broke over the psychological resistance of $ 4.00 around 04:00 UTC.
- The negotiation volume increased to 28.8 million during the 2:00 p.m. UTC, almost twice the 24.35 million average, confirming a strong purchase interest.
- The short -term key support was formed at $ 3.93, $ 3.98 and $ 4.02 as prices moved higher.
- In the last 60 minutes of the session, SUI increased another 2%, jumping from $ 4.09 to $ 4.17, with a volume of reach about 2.96 million.
- The resistance was eliminated at $ 4.10, $ 4.12 and $ 4.15 before a brief consolidation around $ 4.16– $ 4.17.
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