SUI Tests Resistance at $3.48 Awaiting Breakout to $4.30

SUI, a prominent digital asset, is currently trading near $3.48, testing a key descending trendline resistance. The asset has formed a tight symmetrical triangle, indicating a potential breakout. Technical indicators, such as the Relative Strength Index (RSI) at 61 and positive Moving Average Convergence Divergence (MACD) values, suggest bullish momentum.

SUI’s price action has built a clear symmetrical triangle, where higher lows meet consistent resistance at the upper trendline. This structure has developed over several months, indicating strong positioning. The current movement shows SUI pressing against the descending resistance, with tightening price action indicating a squeeze. According to an observation by analyst Sudelytic, SUI is pressing right up against the descending trendline and looks ready to pop.

Based on the chart formation, a confirmed breakout could send the price to the first projected target of $4.30. Market volume has remained steady, but a breakout could trigger a surge in trading activity. The asset has gained attention due to its expanding ecosystem and consistent demand within DeFi markets. Indicators like RSI at 61 and positive MACD values also confirm upward momentum.

Analysts believe the current “coiling phase” may lead to further upside if SUI breaks resistance. At the time of writing, SUI remains close to $3.48 and continues testing this technical level. If price closes above the descending trendline, the path toward $4.30 becomes more likely. The structure is clean, the squeeze is tight, and the move looks imminent. Definitely one to keep a close eye on.