Bitcoin

SUI Price Blasts Past Resistance – Is a New All-Time High Coming This Week?


Sui kicked off the week with a strong move up, Grabbing the attention of traders and analysts alike. A BIG GREEN CANDLE EARLY in the session Pushed the Price Above $ 4.13, Bringing it right up to a key resistance level. With Buyers Showing Strength, Many Are Now Watching Closely to see if sui is gearing up for a breakout. Top analysts like beast and coinvestor.

At Writing, sui price is trading around $ 4.18 after initial that Bullish Surge. On the 15-minute Chart, the trend is clear, the price is making highal highs and high lows, which usually signals more upside ahead. That First Big Candle of the Session was highlighted by trader beast, who tweeted: “$ sui starting the week with a big candle is very bullish. This might be the week it breaks ath and go intr.”

Right now, the token is testing the $ 4.15 to $ 4.20 Area, a zone that has acts as resistance before. It Already Faced One Rejection There Earlier, Which is visible by the long wick left on the chart. If sui can break and hold over this ranges, it could open the door to new all-time highs and price discovery.

Source: X/Beast

Suis Bullish Chart Structure and Market Behavior

Market Structure Supports A Bullish Bias. Following A V-SHAPED RECOVERY FROM BELOW $ 4.00, The Chart Shows A Bullish Engulfing Pattern and Continued Upward Momentum. Surge During the Breakout volume, Suggesting Participation from Larger Buyers. This has Led Many Traders to Monitor The $ 4.05 Zone, Now Seen As Short-Term Support.

If the Such Price Fails to Break the $ 4.20 Zone Convincingly, A Pullback Toward This $ 4.05 Region May Occur. However, Continued Bullish press Could Push the Token Into New Territory Without A Retest.

Long-term supply dynamics may influence suis price outlook

Beyond the Short-Term Chart Patterns, long-term supply distribution is being consider. A tweet from Coinvestor.sui Stated, “Over 50% of the Total Supply of $ sui Will be unlocked after 2030.” This points to a lower effective circulating supply Thani What is listed on platforms such as Coingecko or Coinmarketcap.

The Post Emphasizes that this limited supply COULD influence How traders Evaluate sui's Fully diluted Valuation (FDV) Over the Next Few Years. The User concluded by Stating, “Raise Your Targets, Just Saying,” Referencing the possibility of Undervalover at Current Market Prices.

Read also: Can Kaspa Price Hit $ 0.75? The Upgrade No One's Talking About (Yet)

Key Levels to Watch for Suis Price

Traders are watching Two Main Price Levels this Week. The $ 4.15 to $ 4.20 Resistance Zone is the Immondate Barrier. A close above this ranges on high timeframes could act as confirmation for further uppside. On the Downside, $ 4.00 to $ 4.05 Remains an Area of ​​Interest for Potential Support.

Should sui price break and hold over $ 4.20, it may enter REPRICING, WHERE PAST Resistance No Longer Applied. With Strong Early-Week Momentum and positive feeling reflect on social media, the conditions for a breakout are present. However, Susted Follow-Through Will Depend On Both Volume and Broader Market Strength.

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