SUI Price Surges 10% as Bullish Trend Emerges

SUI has recently broken out of a descending wedge pattern, shifting its short-term market structure into a bullish setup. The price has shown steady strength above key support levels, with traders now focusing on the $2.90 level as a potential breakout trigger. This move was supported by a V-shaped recovery, indicating renewed buying pressure after an intraday low near $2.64. The current price movement has formed higher lows throughout the day, confirming a trend shift.

Support has been identified between $2.45 and $2.70, with resistance around the $2.90 mark. A confirmed daily close above this level may act as a breakout trigger. The price could then retest the $2.90–$3.00 zone before any further upward movement. If a higher low forms above support, the bullish trend may continue. Price targets after a confirmed breakout include $3.40 and $4.20. According to an observation by a market participant, “I believe it will go back to $4 even higher soon.” She also confirmed previous selling at $4 during the Cetus event in May.

SUI remained the 13th-largest cryptocurrency by market cap, and buyers appear to be accumulating during the current range. The setup continues to attract market attention as traders await a potential breakout confirmation. The breakout from a tightening wedge pattern on the daily chart suggests a change in short-term direction. This move was supported by a V-shaped recovery, indicating renewed buying pressure after an intraday low near $2.64. According to an analysis prepared by AltCryptoGems, “Structure turned bullish locally, so now all eyes [are] on a potential higher low to buy the dip.”