SUI Price Prediction: SUI/USDT Chart Analysis Suggests the Rally Will Continue

The Sui price climbed 4% in the last 24 hours to trade at $4.80 as of 9:05 p.m. EST on trading volume that rose 2% to $1.7 billion

The price of Sui (SUI) continued its ascent on Wednesday, rising 4% to trade at $4.80 as of 9:05 p.m. EST, according to data from Coingecko.

The asset’s trading volume also rose 2% in the past 24 hours to $1.7 billion.

SUI Price Aims For A Breakout To Continue Its Bullish Rally

SUI has been in a well-established uptrend in recent weeks, making a series of higher highs and higher lows within a parabolic curve.

The asset recently broke out of a rounding bottom, which is a bullish continuation pattern that typically signals further upward momentum.

SUI’s price is now consolidating just below the $4.93 resistance level, which is the most recent swing high. This consolidation may be a bull flag, indicating a pause in the rally.

The key support levels to watch are $4.24 (50-day Simple Moving Average (SMA)) and $3.67 (200-day SMA), both of which have served as strong areas of support in the uptrend.

Meanwhile, the Relative Strength Index (RSI) is at 68.43, indicating that the asset is approaching overbought territory but not yet reaching extremes. This suggests there is still room for further upside before a correction or consolidation becomes more likely.

The Moving Average Convergence Divergence (MACD) histogram is positive, reflecting bullish momentum, with the blue MACD line above the orange signal line.

SUI/USDT Chart Analysis (Source: Tradingview)

Sui Price Prediction

With the bullish structure and strong technical indicators, SUI is likely to continue its upward trajectory in the medium term.

The next major resistance to watch is at $5.00, a psychological level that, if broken, could lead to an extended rally toward $5.50 or higher.

If a correction occurs, a retest of the $4.00-$4.24 support zone would present an opportunity for buyers to re-enter the market.

However, if SUI breaks below the 200-day SMA at $3.67, the bullish thesis could be invalidated.

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