SUI price expected to soar 73%? Key levels and targets revealed

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Current performance and technicals of SUI

Current price: SUI quoted at $4.54, down 5.87% in the past 24 hours, but up 20.51% over the week.

Technical formation:

Price trend: SUI remains within an ascending channel, showing sustained bullish signs.

Moving average support: The price stabilizes above the 9 EMA and 26 EMA, indicating that short-term and mid-term trends remain bullish.

Support level: $4.40 is seen as a key support; if it holds above this level, it may further drive the price closer to the target area.

Key price targets

$5.71 (mid-target):

Midpoint of the channel, a direct target for recent upward movement.

Breaking this level may enhance market confidence.

$6.80 (important resistance):

Secondary target above the channel.

Traders may feel strong resistance in this area, increasing the risk of short-term profit-taking.

$7.73 (upper boundary of the channel):

Final target of the channel; if bullish momentum continues, this may become a short-term top for the price.

RSI:

Currently at 61.7, in a strong zone (above neutral 50), buyers remain dominant.

If RSI falls below 50, it may suggest weakening buyer strength and the beginning of a bearish trend.

MACD:

MACD line is above the signal line, indicator still bullish.

Histogram shows buying momentum has weakened, indicating caution for a potential trend reversal in the short term.

Conditions for bullish continuation

Strong support: $4.40 must hold to prevent downside risk.

Trading volume: Further breakthroughs of resistance require higher trading volume support to validate the upward trend.

MACD and RSI remain positive: If both indicators continue strong, they will provide technical support for further price increases.

CCTP Integration:

Sui Network recently supports Circle's Cross-Chain Transfer Protocol (CCTP), allowing USDC to be seamlessly transferred across multiple blockchain ecosystems.

The current ascending channel structure of SUI provides traders and investors with clear targets and risk control points. If market sentiment and fundamental news remain strong, its upside potential is worth anticipating.

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