SUI Price Breaks Key Resistance – Next Stop $4?
SUI Price Prediction – Sui (SUI) has broken above a key bullish flag resistance, ending a prolonged consolidation phase that began on May 10th. The breakout represents a critical technical shift, validating the bullish structure that many traders have closely monitored.
At the time of writing, SUI surged 6% daily, confirming its short-term bullish momentum. The breakout stands out in a market where most altcoins remain in a consolidation phase, giving SUI’s move additional weight and credibility.
Technical analysts suggest that this pattern could lead SUI toward the $4 psychological resistance in the near term, assuming current momentum continues.
Spot Market Data Shows Strong Buyer Activity
According to AMBCrypto’s analysis of CryptoQuant data, the 90-day cumulative volume delta (CVD) saw a significant spike, reflecting aggressive buyer behavior in the spot market. This signals that buying pressure is exceeding selling pressure, a trend that historically precedes further price gains.
Such aggressive buying aligns well with the recent breakout, reinforcing the bullish sentiment surrounding the asset. If demand remains strong, SUI could push higher without significant pullbacks.
Volume Cooling Raises Short-Term Caution
However, caution may be warranted. SUI’s spot volume bubble map shows a decline in trading activity despite continued buyer dominance. A drop in spot volumes may reflect weaker conviction among market participants, introducing a divergence between price action and volume support.
This pattern suggests a potential retest of the breakout level if a new catalyst doesn’t emerge soon. If bulls maintain control and volumes rebound, the $4 target could be reached faster than anticipated. Otherwise, short-term consolidation may occur before another move upward.
Investors should monitor whether buyers continue to absorb sell pressure or if momentum fades in upcoming sessions.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
