Sui’s Breakout Rally Signals Bullish Continuation — Is $3.70 Next? Jimmy Aki

The broader crypto market saw a wave of green today, and among the standout performers is Sui ($SUI), which has posted eight consecutive green candles within 24 hours, a 27% surge.

The rally follows a renewed appetite for risk in the market, triggered in part by U.S. President Donald Trump’s recent softer stance on trade relations with China.

Sui Prints Eight Green Candles — What’s Powering the Rally?

Sui’s rally appears to be driven by memecoin activities on its network.

Tokens like $LOFI and $BLUB have exploded in value over the past week, gaining 150% and 65%, respectively.

This surge in meme-driven activity has pushed daily transaction volume on the Sui network up by 54.7%, now totaling $4.47 billion, according to on-chain metrics.

***Sui ranks 8th largest chain with the most DEX volume/ Source: Token Terminal***

Meanwhile, Sui’s ecosystem continues to expand.

Cetus, a leading DEX aggregator on Sui, has climbed into the top five swap aggregators and now ranks as a top 10 DEX across all chains by daily volume, according to data from DeFiLlama.

Despite being down 54% from its January 6 peak, the Sui network shows promising signs of fundamental growth.

***$SUI developer ecosystem continues to grow/ Source: Token Terminal***

Developer activity is on the rise, with over 80 new developers joining the platform in the past week, pushing GitHub commits to over 20,400 contributions.

Analysts Eye New Highs for $SUI as Bullish Patterns Confirm Breakout

Analysts are eyeing further gains. Prominent Twitter analyst Karan Singh predicts a short-term high of $3.70, while chartist Finsends projects an ambitious upside target of $8.99, more than 150% above current levels.

Sui’s rising profile could be further boosted by institutional interest.

In March, digital asset investment firm Canary Capital Group submitted an application to the U.S. SEC for a spot Sui ETF.

If approved, it would mark the first-ever exchange-traded fund tied to the spot price of Sui. Analysts suggest this could propel Sui’s market cap beyond $15 billion, potentially placing it among the top 20 cryptocurrencies.

$SUI Technical Analysis: ABC Breakout Pattern Validates Bullish Structure on 4H Chart

On the 4-hour chart, $SUI/$USDT displays a bullish breakout pattern supported by a well-formed ABC wave structure.

The token broke out of a consolidation range near $2.15–$2.25 (Wave A), retraced briefly to retest support (Wave B), and accelerated into Wave C, reaching a local high of $2.94.

However, the current price action is nearing a major resistance zone between $2.92 and $2.95, a level that marked the March decline.

While the RSI Divergence Indicator (14) confirmed a bullish divergence earlier this month, which played out successfully, the RSI now stands at 90.50, signaling highly overbought conditions.

If a pullback occurs, potential support zones lie at $2.80–$2.82, followed by $2.50–$2.55, and deeper at $2.30–$2.35, the base of Wave B.

Conversely, a decisive breakout above $2.95, backed by strong volume, could pave the way toward $3.20, further validating the bullish narrative.

The post Sui’s Breakout Rally Signals Bullish Continuation — Is $3.70 Next? appeared first on Cryptonews.

This articles is written by : Fady Askharoun Samy Askharoun

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