- SUI jumps 7.65% intraday, surging from $3.66 to $3.94 amid a broader altcoin recovery.
- Golden crossover spotted as bulls eye sustained rally on bullish momentum.
SUI is showing signs of life again, riding the wave of a broader altcoin rebound. The token has jumped nearly 7.65% in the last 24 hours, climbing from $3.66 to hit an intraday high of $3.94 before slightly cooling off. At the time of writing, SUI is trading around $3.92, and technical indicators suggest the possibility of a bullish continuation—if the momentum holds.
What’s got more interesting is the emergence of a golden crossover on the charts—a bullish signal that happens when the 50-day moving average crosses above the 200-day MA. This kind of crossover is often interpreted as a green flag for long-term strength, and it’s one reason why bullish sentiment is growing around SUI this week.
This uptick comes after a period of sideways price action, where SUI had been consolidating with no clear direction. But the latest surge appears to be shaking things up. More notably, trading volume has exploded—up more than 48% in the past 24 hours, reaching $1.65 billion. That jump in activity suggests that buyers are back in action and could be preparing for a bigger move.
Despite the recent rally, SUI hasn’t had a smooth week overall. The token is still down around 2.86% over the past seven days, having briefly touched $4.51 before retracing.
SUI now holds a market cap of approximately $12.98 billion, placing it firmly in the spotlight as one of the stronger-performing altcoins during this bounce. But the question on everyone’s mind is: can it maintain this upward trajectory?
What the Charts Are Saying
SUI is currently hovering near the 0.382 Fibonacci retracement level, which lies between the recent swing low of $3.26 and the high of $4.26. This zone often acts as a pivot—meaning the price could either rebound higher or face renewed selling pressure.
If the price fails to hold here and drops below $3.76 (the 0.5 Fib level), it may slide further toward $3.64 (the 0.618 level), a zone where buyers have previously stepped in. These levels are key support areas and worth watching closely.
On the flip side, reclaiming the $4.03 mark (which aligns with the 0.236 Fib level) would be a strong bullish signal. Such a move could pave the way for another test of the $4.26 high and possibly open the door toward its all-time high near $6 if momentum builds.
From a technical standpoint, indicators are showing mixed signals, but with a slight bullish tilt. The RSI (Relative Strength Index) is sitting around 49, which is neutral territory, but there are early hints of a bullish divergence—a sign that upward momentum might be forming beneath the surface.
Meanwhile, the MACD (Moving Average Convergence Divergence) has just formed a bullish crossover, suggesting growing upside potential. Still, bulls will want to see confirmation before going all in. A clean breakout above $4.03 would offer that clarity, while a drop below $3.76 might send SUI back into consolidation or even test lower supports at $3.47 or $3.26.
Bottom Line
SUI’s price is at a crossroads. The token is showing strength in the short term with rising volume and a golden crossover, but the broader trend remains undecided. A move above $4.03 could mark the start of a new bullish leg, while failure to hold support may send it back into the lower $3 zone.
