SUI Bulls Eye $7 as Support Zone Holds Firm
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Sui (SUI) has once again defended a critical long-term support level, sparking fresh optimism that the token may be gearing up for a major rally.
This marks the third successful rebound from the same zone this year, with prices recently hovering around $3.38.
Analyst Lau sees the setup as eerily similar to past breakouts. She highlights a persistent ascending trendline that has historically acted as SUI’s launchpad — including one rally that exceeded 1,000%. Lau believes that clearing $4.55 could open the door to her $7 target, especially with the pattern of higher lows reinforcing bullish momentum.
Institutional interest is also adding fuel to the fire. Switzerland’s Sygnum Bank has integrated SUI into its custody, staking, and trading offerings for institutional clients, a move that bolsters the token’s standing in traditional finance. On-chain data reflects growing adoption, with stablecoin transactions on the Sui Network topping $1 trillion, indicating deeper liquidity and active engagement.
Still, near-term pressures persist. CoinGlass data points to slightly higher spot inflows than outflows, hinting at mild selling activity, while taker sell volume has outweighed buys over the past 90 days. Yet sentiment remains firmly bullish — Binance’s long-to-short ratio sits at 2.39, with over 70% of traders betting on gains.
If buying momentum holds and the $4.55 resistance falls, SUI’s path toward $7 could shift from a distant goal to an imminent breakout.
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