SUI Surges 30% Past $4.01 Resistance, Volume Hits $510 Billion

SUI, a prominent cryptocurrency, has recently demonstrated significant bullish momentum as its price surged past the $4.01 resistance level. This breakout confirms a reversal in the token's price trend, which had been tested multiple times in 2024 and early 2025. The latest weekly candle closed firmly above this resistance zone, validating the breakout and forming a higher low, a common indicator of a trend reversal. This price structure suggests strength, with SUI pushing upward after consolidating below the resistance area. Market observers suggest that if the current momentum persists, SUI could target previous highs seen earlier in 2025.

Top analyst Crypto Tony highlighted that the reclaim of the $4.01 level marks a valid entry point for long positions. The move has also formed a higher low, a common signal of trend reversal. The price structure now indicates strength, with SUI pushing upward after consolidating below the resistance area. Market watchers suggest that if the current momentum holds, SUI may target previous highs seen earlier in 2025.

In addition to the price breakout, SUI has surpassed a significant milestone by exceeding $510 billion in total token volume. This exponential rise in cumulative volume since early 2024 reflects increasing utility and liquidity across the SUI ecosystem. Monthly averages now reach $18.89 billion across centralized and decentralized exchanges. This growth in volume supports the ongoing bullish momentum and signals stronger adoption and broader market engagement. As volume continues to rise, SUI may establish itself further in the competitive crypto landscape.

Furthermore, SUI has broken out of its descending channel, as confirmed by the daily chart. The price is currently trading near $3.45, holding above the 50-day moving average at $3.05. A spike in volume accompanied the breakout, reinforcing its credibility. The breakout above the upper trendline signals a reversal from the recent bearish phase. Analysts project a short-term target of $5.00, with a minor pullback expected before continuation. If bulls maintain control, SUI may enter a sustained uptrend. Chart patterns and technical support suggest a positive outlook for the coming weeks.