Sui Surges 15% as Layer-1 Momentum Builds, Eyes $4.50 Target

Sui's latest price was $2.79, down 1.19% in the last 24 hours. The cryptocurrency has seen a significant rebound, with bulls defending the $2.43 level and sparking a sharp recovery. This move is linked to rising layer-1 momentum across the crypto market, as traders now watch higher resistance zones for confirmation of an emerging uptrend. Chart watchers highlight a falling-wedge breakout that formed after weeks of compression, with initial targets set at $4.50 and $6.20. However, the price must first clear a local supply band around $3.10–$3.16 to strengthen bullish conviction and attract fresh capital. Large wallets appear to accumulate, signaling confidence in Sui’s network growth. Additionally, on-chain dashboards record steady inflows to exchange cold wallets, hinting that holders move tokens for long-term storage rather than quick sales.

Traders identify two major upside checkpoints. The first sits at $4.40–$4.50, matching April supply and Crypto Winkle’s Target 1. The second cluster is near $6.20, where profit-taking pressure could re-emerge. Failure to flip $3.10 support would invalidate the immediate setup and place $2.43 back in focus. Hence, risk management remains vital while momentum builds. Sui held its weekly trendline and just bounced off the $2.43 support. The chart looks strong and the momentum is real. Target 1: $4.50. Target 2: $6.20. Target 3: $10+ still very much in play. That monster daily candle post-shakeout (+15%)? A statement. Big wallets are accumulating, signaling confidence in Sui’s network growth. Additionally, on-chain dashboards record steady inflows to exchange cold wallets, hinting that holders move tokens for long-term storage rather than quick sales.

Sui is starting to turn heads again after breaking out of a falling wedge pattern. Traders and analysts are watching closely, and one of them, CryptoWinkle, shared a bullish take on X. He pointed to strong technical signs and growing momentum across Layer 1 tokens as the key reasons behind the setup. In his post, he mentioned three possible price targets for SUI: $4.50, $6.20, and even a shot at $10. That call is based on SUI price bouncing off the $2.43 support zone, along with signs that bigger wallets have started accumulating. After weeks of choppy movement, this breakout could be laying the foundation for a bigger move. And if Bitcoin price manages to clear $110,000, the whole Layer 1 sector, including SUI, could be gearing up for the next rally.

The daily chart for SUI reveals a falling wedge that had been forming since early June. This pattern often suggests a potential reversal in trend. The price broke out above the upper boundary of the wedge, marking a shift in market structure. SUI then posted a large daily candle, jumping over 15% and confirming strong buying interest. The recovery from $2.43 established that level as a key support zone. A continuation pattern on the SUI chart projects a move toward $3.20 in the near term, followed by potential advances to higher resistance levels. The $2.43 level now serves as the primary support. It has been tested several times, reinforcing its role in the ongoing setup. If SUI price maintains its position above this range, it may build momentum toward the next resistance zones. The first target is $4.50, aligning with a previous area of resistance. Above that, the $6.20 zone represents a mid-range target. A sustained rally, if supported by market-wide moves, could push the asset beyond $10. CryptoWinkle also pointed out that larger wallets have been accumulating SUI. The tweet suggests that this could be part of a broader sector rotation into Layer 1 projects. If Bitcoin continues upward, these networks may outperform. SUI current structure and reaction at key levels suggest it could lead this trend. A daily close above $3.20 may serve as confirmation of strength and fuel further upside for SUI price.