SUI Crypto Price Holds Above $3.89 Amid Bullish Momentum

SUI crypto has shown remarkable resilience and bullish momentum, with its price currently hovering around $3.89. This price point is significant as it indicates strong fundamentals, especially considering the market's recent cooldown period. The crypto's ability to sustain above important Fibonacci levels further underscores its robustness.

In the second quarter of 2025, SUI's price has maintained a structure of higher highs and higher lows, closely following the 20-day Exponential Moving Average (EMA) band dynamic support. This technical setup suggests that SUI is poised for a significant upward movement. Experts are optimistic that SUI could soon break its previous high of $5.37 and target a price beyond $11.

The recent market capitalization of $13 billion reflects SUI's growing importance in the crypto market. The correction in the first quarter of 2025 appears to be a calculated retest rather than a breakdown, as evidenced by the price points on both short and long-term charts respecting key structural points. On-chain metrics also support this bullish narrative, indicating a strong foundation for future growth.

An expert analysis highlights SUI's resilience, noting that it has successfully maintained its Inverse Head & Shoulders breakout after surpassing the neckline around $3.65 to $3.75. The current price hovering around $3.89 reinforces a bullish outlook, as SUI continues to hold above essential support levels. Maintaining a position above the $3.65 to $3.70 range is crucial for confirming the strength of this bullish setup. A drop below $3.60 could invalidate the positive pattern.

Another analyst, based on the weekly chart, observes that SUI has been moving within an ascending wedge pattern, with consecutive impulsive waves to the upside. From a technical perspective, SUI is preparing for its next major move, with a projected target of up to $11.50. This analysis suggests that SUI is in a consolidation process, setting the stage for a significant upward trend.

Social volume and development activity further indicate optimism for SUI crypto. The rising social volume suggests increasing awareness and interest in SUI, while the development activity reflects ongoing projects and developments. The developer's activity, as seen in the GitHub repository, is on the rise, indicating a growing number of pure developments. These metrics are important factors that highlight the long-term reliability and potential of the SUI project.