The SUI cryptocurrency surged to $1.22, marking an 18.39% daily gain and a 34.32% weekly recovery. Analysis indicates buyers are defending key support levels with the price now targeting the $1.23 to $1.30 resistance zone, while technical indicators show continued upside pressure.
The SUI token is trading at $1.22 following a significant 24-hour price increase of 18.39%. According to CoinMarketCap data, its trading volume reached $1.08 billion, reflecting an 18.45% rise.
Analyst More Crypto Online highlighted that SUI reacted well to its support zones from late March, April, and early May. “The next potential level for wave 3 is $1.22 to $1.23,” the analyst noted, identifying this as a key target area.
Analyst FOUR Crypto Spaces mentioned that SUI has shifted from accumulation to a high-velocity expansion phase. The analyst stated that the $1.03 resistance has now transformed into a crucial support base for any potential pullbacks.
Technical data from TradingView shows SUI trading above its key daily Exponential Moving Averages. The 200-day EMA at $1.4284 represents the next significant moving average barrier for the asset.
Bollinger Band analysis reveals the token is trading above the upper band at $1.1109. This positioning indicates strong upside momentum while placing SUI in a stretched short-term zone according to the data.
