SUI is back on the radar, and for good reason. Traders are keeping a close eye on a familiar setup that once kicked off a major rally. The token is hovering right around its 50-day and 200-day moving averages, a combo that previously sparked a 5.5x move from $1.00 to $5.50.
One of the loudest voices calling this out is prominent trader Capo on X. He flagged the same bullish cross pattern forming again, hinting that SUI price might be gearing up for another breakout. With price action consolidating just below recent highs, the conversation has shifted to whether history could repeat itself, and if SUI’s market structure is strong enough to support it.
What you'll learn 👉
SUI Golden Cross Setup Nears Completion
SUI is trading near $3.63 and appears close to completing a bullish crossover between the 50-day (green) and 200-day (red) moving averages. Capo emphasized this signal as the first of its kind since SUI was priced at $1.00. According to his analysis, the previous crossover marked the start of an extended uptrend, with the 50-day average later serving as dynamic support during pullbacks.
Visual indicators on the chart show the moving averages converging with the current price action. This proximity may lend greater technical strength to the pattern, as the SUI price has not drifted too far from the averages ahead of the potential cross.
SUI Key Support and Consolidation Zones
Price activity suggests a stable consolidation range between $3.40 and $4.00. SUI has maintained a structure above the $3.40 area, which coincides with a visible green support zone and the upper boundary of a weekly order block. A wider support area extends down to $2.49, a level that has repeatedly served as a base throughout the recent recovery.
Resistance levels remain at $4.00 and $4.20, the latter marking the most recent swing high. A confirmed move above this zone would indicate a continuation of the current bullish momentum.
SUI Market Structure Remains Intact
Despite a $220 million reduction in liquidity from the ecosystem, Capo noted that the overall market structure has not broken. The token remains up 2x from its previous lows and continues to trade above key moving averages.
Capo’s commentary also addressed widespread market fear, stating that retracements remain part of a healthy trend. He concluded his post with a bold forecast, suggesting a potential target of $9 by August for SUI price if the pattern holds.
As technical indicators align and historical patterns re-emerge, the market remains watchful for confirmation of the next move.
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