- SUI jumped 11.4% today, pushing market cap to $13.27B; it’s up 35% in a week.
- Price is testing the $4 mark after breaking $3.50 resistance, but RSI suggests it’s overbought.
- If $4 breaks, next targets are $4.50 and $5—but failure to hold could send price back to $3.50 or lower.
Sui (SUI) just snagged the top gainer spot today after a sharp 11% jump, pushing its total market cap up to a hefty $13.27 billion. Naturally, traders are buzzing—what’s driving the spike, and more importantly, can it stick?
Let’s break down what’s going on with SUI this week and where it might be heading next.
Double-Digit Rally Pushes SUI Into the Spotlight
Sui’s been quietly cooking for the past week—and now it’s breaking out loud. The token’s up over 35% in just seven days, currently sitting at $3.88. Not bad at all. More interesting though? It just broke out of a key ascending channel on the daily chart. That’s not something you see every day.
In the last 24 hours alone, SUI jumped more than 11.4%, blowing through its $3.50 resistance like it wasn’t even there. Right now, all eyes are on that $4.00 level. If it cracks that too, things could move fast.
Overbought? Maybe. But Demand’s Still Hot
Stochastic RSI is floating way up in the clouds—93.09 and 90.22 to be exact. That usually signals an overbought condition, which could mean a short pullback is on deck. But it also tells us there’s strong demand out there. People are buying, plain and simple.
The price action’s got that bullish look, but the high RSI is a bit of a yellow light. Momentum is great, but at some point, buyers may need a breather.
Can SUI Reach $5—or Is $4 Still the Ceiling?
So, what’s next? If the bulls stay in control, SUI could crack $4 pretty soon. Beyond that, resistance zones line up around $4.50 and $5. That’s the optimistic take—and it’s not impossible if current momentum sticks.
But here’s the flip side: SUI’s struggled to cleanly break above $4 more than once. If it stumbles again here, price could slip back toward $3.50, or even deeper to the $2.93 or $2.40 zones. Those levels have caught dips in the past, and they could again if things cool off fast.
