SUI Cryptocurrency Holds $3.00 Support, Eyes 17% Gain to $3.50

SUI, a prominent cryptocurrency, has shown resilience by maintaining its support level at $3.00. This stability has encouraged bullish investors who are now targeting a resistance level of $3.50. The overall market structure for SUI remains intact, indicating a potential for further upward movement. The cryptocurrency's ability to maintain its support level suggests a strong foundation, which could attract more investors looking to capitalize on its growth potential.

The bullish sentiment is driven by the belief that SUI has the potential to break through the $3.50 resistance level, which could lead to further gains. The market structure's integrity adds to the optimism, as it indicates that the cryptocurrency is following a predictable pattern that could lead to sustained growth. Investors are closely monitoring SUI's performance, as its ability to maintain its support level and break through resistance could signal a bullish trend in the broader cryptocurrency market.

The stability at the $3.00 support level has provided a sense of security for investors, who are now more confident in their bullish outlook for SUI. The target of $3.50 resistance level is a significant milestone for SUI, as it represents a potential breakout point that could lead to further gains. The market structure's integrity is a crucial factor in determining SUI's future performance, as it indicates that the cryptocurrency is following a predictable pattern that could lead to sustained growth.

SUI has reclaimed the $3.00 level after closing the week up 4.15%, supported by clean trendline interaction. While price action remains volatile, the structure holds firm as capital rotates into visible support near the $2.30–$2.90 range. SUI has maintained its weekly uptrend, closing the last candle at $3.02 after a third test of the trendline. The $2.30–$2.90 zone continues acting as a powerful demand block, triggering bounce reactions during major corrections. That band also aligned with April and June rebounds, forming higher lows above the diagonal trendline.

The trendline itself stretches from August’s $60 origin and still supports current momentum. Price broke back above $2.90, reclaiming resistance that previously capped relief rallies. With the $3.50 level sitting as the next key test, SUI has room to stretch higher into prior rejection territory. As long as the weekly candles stay above the ascending structure, the market narrative favors a bullish continuation. The previous rejections in March and May near $3.50 add confluence to this breakout setup. Momentum continues to build through clean reactions across visible trend support.

SUI now trades at $2.89, ranking #15 globally with a market cap of $10 billion and 3.8% daily gains. It has posted a strong upside from July 2024, when the token hovered near $0.50 before igniting a vertical run into Q4. By November, SUI had cleared $3.00 and reached above $5.00 by early January 2025. That parabolic rally triggered a natural correction, with SUI falling to $2.00 in April before reclaiming ground. A second recovery in May pushed SUI back to $3.80, though the price has since retraced to its current level. Importantly, no structural breaks have occurred.

The circulating supply now stands at 3.45 billion, out of 10 billion max, with a fully diluted valuation near $28.9 billion. Trading volume over the past 24 hours hit $858 million-strong flow confirming engagement during consolidation. The total footprint across DeFi and investor traction remains active. As SUI compresses between its long-term trendline and recent rejections, traders will monitor reaction at $3.50. Failure to hold above the $2.30–$2.90 band would invalidate current momentum and open downside risks toward $2.00. Until then, structure leads and SUI remains on watch.