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Market Direction

SUI - Technical Analysis

Published: May 8, 2025

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Sui ($SUI) has shown strong momentum since late April, rallying from $2 and forming higher lows along the way. After a clean bounce from $3.19, it’s positioning for a potential new high.

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Next Support: $3.50

Next Resistance: $3.94

Direction: Bullish

Upside Target: $4.29

Downside Target: $3.19

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Cryptonary's Take

SUI has shown impressive strength since late April, rallying from the $2 zone to its current level near $3.80. After a short-term retracement, it bounced cleanly off the $3.19 support and is now marching toward the $3.94 resistance. The structure is firmly bullish, and if momentum continues, SUI looks set to make a new higher high. The trend favors the bulls here.

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