TLDR:
- Sui bounces 15% from $2.43, breaking a month-long downtrend with rising trading volume.
- Falling wedge breakout confirmed, with bulls targeting $4.50 and $6.20 upside levels.
- Whale accumulation lifts confidence, as on-chain data shows rising cold wallet flows.
- Clearing $3.10 resistance is key for continuation; failure could revisit $2.43 support.
Sui bulls defended the $2.43 level and sparked a sharp rebound on Tuesday. The token climbed roughly 15 percent, closing near $2.79 and snapping a month-long pullback.
Trading volume rose toward $1.5 billion, showing renewed market interest. Analysts link the move to rising layer-1 momentum across the crypto market. Consequently, traders now watch higher resistance zones for confirmation of an emerging uptrend.
Chart Breakout Reinforces Sui Price Momentum
Besides the bounce, chart watchers highlight a falling-wedge breakout that formed after weeks of compression. Crypto Winkle, a top analyst, called the pattern “textbook” and set initial targets at $4.50 and $6.20
However, price must first clear a local supply band around $3.10–$3.16. A close above that area could strengthen bullish conviction and attract fresh capital.
Moreover, CoinGecko data show daily volume jumping about 50 percent to $1.97 billion while market cap added 12 percent. Large wallets appear to accumulate, signaling confidence in Sui’s network growth.
Additionally, on-chain dashboards record steady inflows to exchange cold wallets, hinting that holders move tokens for long-term storage rather than quick sales.
Key Resistance Zones Ahead for SUI Bulls
Consequently, traders identify two major upside checkpoints. The first sits at $4.40–$4.50, matching April supply and Crypto Winkle’s Target 1. The second cluster is near $6.20, where profit-taking pressure could re-emerge.
Failure to flip $3.10 support would invalidate the immediate setup and place $2.43 back in focus. Hence, risk management remains vital while momentum builds.
$SUI held its weekly trendline like a champ and just bounced off the $2.43 support.
Chart looks strong and the momentum is real:
Target 1: $4.50
Target 2: $6.20
Target 3: $10+ still very much in playThat monster daily candle post-shakeout (+15%)? A statement.
Big wallets are… pic.twitter.com/waa9to3u8l
— Crypto Winkle (@CryptoWinkle) June 24, 2025
Furthermore, Crypto Winkle argues that a Bitcoin break above $110 000 could lift leading layer-1 tokens, with Sui “lining up to lead the next leg.” Market sentiment already favors projects that offer deep liquidity and active development.
Consequently, if Bitcoin rallies and sector rotation continues, Sui may extend gains toward double-digit territory.
Sui’s decisive bounce, rising volume, and visible whale activity strengthen the bullish narrative. While hurdles persist, the current structure suggests accumulation rather than distribution. Soon, whether bulls can convert momentum into sustained upside will be evident.
The post Sui Price: Crypto Bulls Target $4.50 After $2.43 Support Bounce appeared first on Blockonomi.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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