The SUI cryptocurrency is experiencing a short-term pullback but maintains its overall bullish breakout structure according to technical analysis. At publication, SUI trades at $1.18 with a $4.84 billion market cap after a recent 3.99% decline. Analyst Jonathan Carter highlighted a breakout from a declining channel, with momentum indicators like the RSI and MACD still positive and key resistance levels identified at $1.95, $2.40, $3.10, and $4.20.
SUI price is undergoing a retracement in the short term, although the bigger picture market trend shows the uptrend is still ongoing. The asset appears to have room for more gains if buyers can push prices higher again soon.
At the time of writing, SUI is trading at $1.18 with a 24-hour trading volume of $1.02 billion and a market capitalization of $4.84 billion. Over the last day, the SUI price has declined by around 3.99%, reflecting a mild correction following its recent upward surge.
On May 13, 2026, crypto analyst Jonathan Carter pointed out an important technical breakthrough. He stated the coin managed to break above its declining channel pattern on the daily chart, along with increasing volume levels.
Carter observed that this had resulted in a 46% profit already, which means good participation from the market for the rally. The important resistance targets for upward movement are $1.95, $2.40, $3.10, and $4.20.
Based on momentum indicators, the SUI price looks positive. Currently, the RSI (14) is at 65.69, showing bullishness in the market even as the pace slows and it nears overbought territory.
The MACD is still favoring bulls, as the MACD line remains above the signal line. Positive values of the histogram affirm continued uptrend movement, but decreasing bars indicate deceleration in the buying trend.
Overall, the technical strength of the SUI price is still intact since the breakout occurred. Provided that momentum holds steady, the SUI price could continue its move higher into higher resistance levels.
