SUI Eyes $4 Amid 56% Weekly Surge – Here Are The Levels To Watch
SUI has surged 56% over the past week, reaching $3.39 after an 11% daily increase, breaking a crucial barrier. The token had previously been in a downtrend since its all-time high of $5.35 four months ago, losing over 68% from its January peak. Institutional adoption news, including a filing for an SUI spot ETF, contributed to its price recovery. SUI has broken out of a multi-month falling wedge pattern, which could lead to new highs if confirmed. Analysts indicate that SUI must close above $3.72 for bullish confirmation, with potential resistance at $4.00. Failure to maintain this level may result in a drop back to the $2.70-$2.80 support zone. SUI has also seen institutional growth, recently flipping Avalanche and Chainlink in market capitalization rankings. Currently, SUI trades at $3.28, reflecting a 34% increase over the month.
