SUI Rises 15% as Analysts Forecast Surge to $10 Amid Increasing Momentum
Sui (SUI) rallied 15% on Saturday to $4.23, extending its multi-week surge and outperforming most major cryptocurrencies. The token is now up 13.1% over the past week, 28.7% in the last 14 days, and 62.3% over the past month, according to CoinDesk data.
The movement has drawn renewed attention from crypto traders, with analysts identifying potential for a broader breakout. “Marcus Corvinus” described the setup as a “breakout zone loading,” noting that SUI’s price is pressing against trendline resistance — a level that has repeatedly capped its recent rallies. He pointed to a technical formation known as an AB=CD pattern, which reflects symmetrical price moves. When completed, this pattern often precedes another leg higher.
Corvinus stated that momentum is building quickly and outlined a series of bullish price targets: $5.64 to complete the pattern, $6.70 as an “acceleration zone,” and $8.00 if the rally gains full momentum. “This isn’t just another pump,” he wrote. “It’s the start of SUI’s next explosive leg.”
Another analyst, posting under the handle “CryptoBull_360,” emphasized the significance of a key resistance level that SUI has yet to overcome in previous attempts. They suggested that a decisive move above that line could lead to a rally toward $7–$10.
The technical case appears to be supported by trading data. According to CoinDesk Research’s technical analysis data model, SUI saw a clear accumulation period during the previous day, followed by a high-volume breakout above the $4.00 psychological level. Volume nearly doubled its 24-hour average during the surge, and support levels formed at several price points, indicating sustained institutional interest.
With analysts pointing to clean chart structures, accelerating momentum, and expanding upside targets, all eyes are now on whether SUI can deliver the breakout candle that traders have been anticipating.
Technical Analysis Highlights:
SUI-USD rose 14% during the 24-hour session from July 25 at 16:00 UTC to July 26 at 15:00 UTC, climbing from $3.67 to $4.18. After 16 hours of consolidation between $3.65 and $4.00, the token broke above the $4.00 psychological resistance around 04:00 UTC. Trading volume spiked to 28.8 million during the 14:00 hour UTC, nearly double the 24-hour average of 14.35 million, confirming strong buying interest. Key short-term support formed at $3.93, $3.98, and $4.02 as prices moved higher. In the final 60 minutes of the session, SUI rose another 2%, jumping from $4.09 to $4.17, with volume peaking near 2.96 million. Resistance was cleared at $4.10, $4.12, and $4.15 before a brief consolidation around $4.16–$4.17.
Disclaimer: Parts of this article were generated with the assistance of AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see our full AI Policy.
