SUI’s price movement lately shows a breakout from its downward pattern. Trading activity has ramped up, suggesting growing interest from investors who’ve been eyeing the token’s trajectory. While there are still some resistance points to clear, this technical shift hints at potential upward momentum ahead.
Meanwhile, increasing social media engagement and ecosystem expansion contribute to sustained optimism. Crypto analyst @CW8900 highlighted SUI’s breakout from a falling wedge pattern on the daily chart, a historically bullish indicator.
The altcoin is trading near $3.51, consolidating above the 0.5 Fibonacci retracement level at $3.49. If the upward momentum holds, SUI could test resistance at $3.94 (0.618 Fib level) before targeting the next major supply zone at $4.58 (0.786 Fib level).
$SUI broke through the falling wedge pattern.
— CW (@CW8900) February 13, 2025
The rally is starting.
The next target price is $7.74, which is the 1.618 Fibonacci retracement. pic.twitter.com/PTnmLi3Mkr
According to @CW8900’s analysis, the 1.618 Fibonacci retracement level at $7.74 serves as the mid-term bullish target, provided SUI clears its immediate resistance zones. A sustained close above $3.94 would reinforce the breakout, potentially paving the way toward the $5.39 mark, the previous swing high.
What you'll learn 👉
Market Sentiment and SUI’s Volume Activity
Santiment, a blockchain analytics firm, reported that SUI’s market cap rebounded 10% in 24 hours while most other cryptocurrencies remained range-bound.
The token’s trading volume has surged to $1.04 billion, indicating strong participation from buyers following the breakout. Social sentiment across platforms like X (formerly Twitter), Reddit, and Telegram is at its most bullish since mid-September, according to Santiment.
💧 Sui's market cap has enjoyed a mild +10% rebound over the past 24 hours as most projects move sideways. Promoted by the project founders as a 'Deliverer of Benefits of Web3 With the Ease of Web2', the altcoin has been increasingly associated with the DeFi and gaming space,… pic.twitter.com/I0fTbXdSXa
— Santiment (@santimentfeed) February 13, 2025
The excitement stems from SUI’s growing involvement in DeFi and gaming, along with its fast transaction speeds and expanding partnerships. However, Santiment cautioned that excessive retail FOMO could delay a more organic rally.
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Key SUI Price Levels to Watch
SUI’s upward push continues to hold, though traders are keeping a close eye on a few critical price points. The $3.49 mark stands out as immediate support, with backup levels at $3.05 and $2.49 if sellers step in.
Looking up, SUI needs to clear $3.94 and $4.58 before taking a shot at $5.39 – with $7.74 being the ambitious target. Right now, holding above $3.49 seems key for keeping this bullish run going. Maintaining this level could keep the breakout structure intact and facilitate further gains.
Despite strong technical indicators favoring an upward move, analysts urge caution. While SUI’s breakout has fueled renewed confidence, the token has already posted a 259% gain over the past five months. Santiment emphasized that while bullish sentiment rises, an overheated market driven by short-term traders could lead to volatile swings.
For now, SUI remains at a pivotal juncture. If buying pressure continues and key resistance levels are cleared, the projected target of $7.74 could come into play. However, market participants remain vigilant as they navigate potential pullbacks in an increasingly optimistic environment.
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