SUI Outperforms Bitcoin, Tests Key Resistance at $2.79

SUI, an altcoin, has been gaining attention for its recent price performance and potential for further growth. The cryptocurrency has shown resilience, bouncing back from a strong support zone near $2.63 and holding its structure well. This has caught the eye of popular analyst Michaël van de Poppe, who noted that SUI has outperformed Bitcoin and most other major assets over the past year. This is significant, especially in a market that is still recovering from post-halving volatility and ETF speculation.

The chart for SUI indicates a bullish setup. The cryptocurrency recently tested a key green support zone near $2.63 and bounced straight off it. This area has been a strong base for months, and bulls have defended it perfectly. Now, the price is pushing into a crucial resistance zone near $2.79, which also aligns with a descending trendline that has capped every rally since late April. If SUI reclaims this red resistance block, it could spark a breakout, liquidating late shorters and accelerating the upside. The chart notes that "all liquidity will be taken here," suggesting that stop-losses from shorts are stacked above this zone, which could add fuel to the fire if bulls break through.

The momentum could continue building, with some analysts believing that SUI could retest its previous highs from early 2024, putting a $5 price target back on the table. While this might not happen overnight, the structure is there for a multi-month rally if buyers stay in control.

Beyond the chart, SUI's ecosystem is also thriving. Walrus, a DePIN (Decentralized Physical Infrastructure Network) protocol built on SUI, has entered the top 100 and is seen as one of the most promising DePIN projects. This is not just hype; it is a real use case. Walrus combines the blockchain with real-world devices, and its traction shows that builders are choosing SUI over other chains. This kind of developer activity often leads to long-term strength.

SUI is holding strong support, testing key resistance, and riding ecosystem momentum. If bulls manage to flip the $2.79 zone into support, the SUI chart suggests a trend reversal is coming. This would end the long downtrend that started in May and open the door to higher highs over the coming weeks. It is also worth noting that SUI has been outperforming BTC, which is already up over 40% year-to-date. If this trend continues, this altcoin might be one of the biggest breakout candidates this summer. For now, all eyes are on that reclaim zone. If it is achieved, SUI could finally begin a sustained new leg up.