SUI Price Nears Triangle Breakout, Bulls Target $3

As Bitcoin fluctuates near the $84,000 mark, the crypto market witnesses massive fluctuations. Amid such fluctuations, the SUI price struggles to hold its ground near the $2 psychological level.

As Bitcoin (BTC) hovers closely around the $84,000 psychological level, the cryptocurrency market is displaying substantial price movements. Amidst these fluctuations, SUI price is battling to maintain its position above the $2 psychological barrier.

Following the recent downswing, SUI is retesting the psychological level and endeavors to avoid a pattern breakdown. In this context, one technical indicator suggests a potential recovery. Could this propel SUI price toward a breakout rally and reach the $3 psychological threshold? Let’s examine the analysis.

SUI Approaches Triangle Breakout, Bulls Aim For $3

An analysis of the 4-hour price chart reveals that SUI price is forming a triangle pattern. The symmetrical triangle pattern has been guiding SUI price since late March. At present, SUI price is showing bullish failure to cross the resistance trendline, leading to a pullback toward the support level.

Along with the support trendline, SUI finds a bullish cushion at the $2 psychological mark. The SUI token is setting the stage for a potential reversal within the triangle with a morning star pattern. However, the altcoin is struggling to break above the center pivot level, which serves as immediate resistance at $2.12. Currently, the token is trading at $2.10 and is slowly moving closer to the apex.

Yet, offering hope for a recovery run, the MACB indicator shows the average line preparing for a positive crossover. This signifies a substantial decline in bearish momentum and an increase in the chances of a trend reversal.

In the event of a trend reversal, the uptrend is likely to encounter resistance at the overhead trendline around the $2.25 mark. Optimistically, a breakout from the triangle could propel the token to challenge the R2 pivot resistance level at $2.8165.

Beyond this level, the bullish potential increases further to cross the $3.00 psychological barrier and reach the R3 pivot at $3.2196. On the flip side, a triangle breakdown will immediately meet support at $1.83, followed by the S2 pivot support at $1.426.

Key Network Achievements And Developments For SUI

As SUI struggles for a bullish reversal, the network is witnessing a massive achievement. According to data from Artemis, the network has hit a milestone of 500 million transactions in 2025 from Year-to-Date.

For the year so far, this puts SUI ahead of top names in the crypto market, including Arbitrum, Ethereum, Optimism, and Bitcoin. Arbitrum comes second with 206 million transactions, followed by Ethereum at 129 million.

Moreover, stablecoin supply over the SUI network has reached a new all-time high. This marks a 99.82% year-to-date surge as it stands at $746.81 million.

Additionally, a recent partnership between SUI and the Greece National Stock Exchange (ATHEX) highlights the increasing adoption of SUI in the real world.