In the last 24 hours, the price of the cryptocurrency SUI has risen to $3.72, showing an increase of over 3%. This growth followed a strong rebound from the support level of $3.50.
Current Trends in the SUI Market
The price of SUI is showing positive momentum after breaking through the $3.50 support level and maintaining above the 100-day EMA. Buyers are now attempting to break through the resistance zone between $3.75 and $3.80, which previously rejected breakout attempts. Since early April, SUI has been making higher lows.
Breakout Above $3.80 and Future Prospects
If the price of SUI can decisively cross the $3.80 level, it might mark a structural breakout that could lead to the price targeting $3.92 and $4.00. These levels also coincide with the 0.618 Fibonacci retracement zone, making them critically important for market direction.
Factors Influencing SUI Price Movements
With current support levels at $3.62, a drop below $3.50 may weaken bullish momentum. The breakout above $3.80 will heavily rely on trading volume; if SUI manages to attract more interest, further price growth may be possible.
The SUI market is currently showing positive signals, and with sufficient trading volume, further gains towards $4.00 and beyond appear achievable.
