SUI’s Wild Ride: From $2.94 to $3.52 in Just a Week! 🚀💰

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TL;DR

  • SUI forms a symmetrical triangle, approaches $3.60 resistance, with rising volume and bullish price structure. 📈
  • Fibonacci levels show strength above $3.18, with $2.82 and $2.60 acting as key support zones. 📏
  • SUI rally fueled by tBTC launch and Grayscale report praising the network’s team and architecture. 🎉

Sui (SUI), the native token of the Sui blockchain, has posted a 20% gain over the past seven days. The price climbed from $2.94 to $3.24 in recent sessions, supported by a $0.34 trading range that showed increasing activity. At the time of writing, SUI was trading at $3.52, with a 24-hour volume of $1.92 billion, and an 8.7% price increase in the last 24 hours. 📊

Meanwhile, the recent rise comes after a series of market and ecosystem developments that have shifted momentum toward the bulls. Trading volumes have increased as the token approached key technical levels that traders are closely monitoring. 🕵️‍♂️

Technical analysis shows SUI consolidating within a symmetrical triangle pattern. This pattern is commonly seen during periods of market indecision, where both buyers and sellers narrow the price range. According to crypto analyst Ali, a close above $3.60 would confirm a potential breakout from this formation. 🚀

$SUI is consolidating within a symmetrical triangle. A sustained close above $2.60 could be the breakout signal bulls have been waiting for.

— Ali (@ali_charts) July 10, 2025

Notably, the triangle shows consistently higher lows since February 2025, supported by an upward-sloping trendline beginning around $1.92. As price action nears the upper resistance boundary of $3.60, market watchers remain cautious of whether the move will continue or pause within the range. 🤔

Key Support and Resistance Levels

Key Fibonacci retracement levels are currently aligned with major zones of interest. The 0.618 level at $3.59 closely matches the $3.60 resistance area. A move beyond this level may indicate sustained strength. The 0.5 level sits at $3.18, a point SUI has already moved above, reflecting stronger momentum. 📈

Support remains at $2.82, the 0.382 Fib level, followed by lower support near $2.60. A move below this level would keep the triangle formation intact and suggest the price could continue to trade sideways in the near term. 📉

Catalysts Behind Recent Momentum

SUI’s recent rally has followed notable ecosystem developments. The launch of Threshold Network’s tBTC on the Sui blockchain introduced bitcoin liquidity to the network, with a potential of over $500 million in BTC value being added. 🤑

Additionally, a report by Grayscale highlighted the Sui blockchain’s design and development team. The report pointed to the protocol’s architecture, its origins from former Facebook employees, and a strategy focused on technology and scalability as key strengths. 🚀

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2025-07-11 20:16