SUI Signals Major Trend Reversal; Surging Bullish Momentum Points to $8 Price Target

SUI isn't just bouncing—it's staging a full-blown trend reversal. The charts are flashing green, and the momentum suggests this isn't a fleeting pump. Forget sideways action; the path of least resistance is now decisively up.

Anatomy of a Reversal

The technical setup has shifted from cautious to outright bullish. Key resistance levels that held for months have been shattered, turning into support. Volume is confirming the move—this isn't just speculative noise. The market structure itself is realigning, painting a clear picture of accumulating strength.

The $8 Horizon

Where's it headed? The trajectory points toward an $8 price target. That figure isn't plucked from thin air; it's derived from measured moves and the scale of the breakout pattern. It represents a significant valuation milestone, one that would cement this reversal from a technical correction into a sustained bullish phase. Of course, in crypto, even the most elegant chart patterns can be undone by a single tweet from a billionaire having a bad day—such is the 'efficiency' of modern digital markets.

Momentum is the Message

The takeaway is simple: the trend has changed. Bullish momentum is building, suggesting higher highs are on the menu. While past performance guarantees nothing, the current technical narrative is compelling. SUI's story is being rewritten, chapter by candlestick.

SUI Shows Signs Of Strong Bullish Momentum

Sui looks to be embarking on a new bullish cycle with market structure in the clear. Following the correction, market internals imply that Wave 2 of the long-term trend may be in motion, indicating a continuation of the trend as opposed to its completion. The market’s relative strength continues to improve, and higher lows also highlight the growing level of support at the $1.65 area.

Source: X

Now that momentum is gathering strength and structure is still in place, there is Optimism regarding the next growth wave for SUI. A successful breakout could pave the way for a short-term move towards the $4 level, where there will be some profit taking. In the long run, provided there is enough volume and supporting market activity, there could be a long-term price increase to the $8 target.

SUI Technicals Signal Early Trend Reversal

The SUI is displaying the early stages of a trend reversal from the downtrend that had prevailed for an extended period of time. Currently, the price is trading at around $1.67, which is above the EMA 20 and the EMA 50 indicator lines. It is also notable that the market is still below the levels of the EMA 100 and the EMA 200 indicator lines at $1.99 and $2.42, respectively.

Source: TradingView

The momentum indicators are also going bullish. RSI(14) is clearly on the MOVE to around the 61 level, which is a positive signal for buying pressure as the indicator is above the middle level. If the RSI remains above the 50 level, the likely outcome will be the breaking out to the higher resistance levels. Key resistance levels are $2.00 and $2.40-$2.45, whereas the support levels below are $1.52-$1.55.

Also Read: SUI Could Surge to $6.47 Following RWA Expansion and Bitwise ETF Filing