The SUI price continues to show strength despite some swings lately, with analysts pointing to an upward trajectory.
Crypto trader Mags (@thescalpingpro) remains confident in SUI’s bullish momentum, predicting a move toward double digits. Their accompanying price chart highlights key trendlines, support levels, and resistance zones.
Mags’ chart indicates that SUI established a rounded accumulation base in mid-2023, setting the stage for its current uptrend.
$SUI is still holding strong.
double digits is programmed.
send.exe 🚀 pic.twitter.com/8rBtQLxR6D
— Mags (@thescalpingpro) February 22, 2025
The token successfully broke above a long-term descending trendline, which now serves as support. This trendline retest confirms bullish momentum, as SUI continues forming higher highs and higher lows. Holding above this level keeps the uptrend intact, supporting a potential rally.
SUI Key Support and Resistance Zones
The black diagonal trendline, ranging between $2.70 and $3.00, has transformed into a solid support level. A breakdown below this zone could shift momentum, possibly driving the price toward $2.00.
On the upside, the $5.00 level serves as immediate resistance. A break above this point could lead to a price discovery phase, with key psychological barriers at $7.00 and $10.00.
At press time, SUI trades at $3.36, reflecting a slight decline of 4.85% daily and 3.17% weekly. Despite this short-term retracement, the overall trend remains bullish. The projected price path suggests further upside potential as long as SUI holds above the crucial $3.30 support. Market sentiment and trading volume will play a significant role in determining the next breakout attempt.
Read also: Litecoin (LTC) Could See Further Decline as 3-Month Support Starts to Weaken
Volume and SUI’s Breakout Potential
SUI’s daily trading volume stands at $1.23 billion, indicating strong market participation.
Elevated trading volume often precedes major price movements, reinforcing bullish momentum. If the current volume persists, another breakout attempt could materialize, potentially pushing SUI toward its next resistance levels.
If SUI maintains support above $3.30, a breakout attempt toward $5.00 appears likely. Clearing this resistance could open the door for further gains, with $7.00 and $10.00 as key targets.
Mags’ confidence in a double-digit move aligns with the technical outlook, provided SUI sustains its bullish structure. The overall market environment will influence whether SUI can achieve this ambitious price goal.
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