Key Insights:
- Sui (SUI) formed a bullish reversal from the descending channel base.
- The inverse head and shoulders pattern confirms upside momentum.
- Network activity and RSI reset back further breakout potential.
SUI price has gained momentum after rebounding from a key support zone. Analysts suggest further upside potential as bullish signals strengthen.
Recent technical formations and rising network activity suggest a new bullish phase may be underway. With short-term targets around $3.80 and a potential move toward $5, market traders’ interest is beginning to rise again.
SUI Price Rebounds from Support in Key Technical Zone
SUI/USDT has remained above a critical support zone, showing resilience. The price responds positively to the lower boundary of its descending channel, hinting at potential bullish momentum.
According to market analyst AMCryptoAlex, the short-term correction may now be over. SUI price has rebounded from the $3.39–$3.40 area, which has been a consistent support level in recent sessions.
The chart shared by the analyst shows a defined parallel channel, with Sui bouncing from the bottom of this channel. This behavior often signals the end of a correction phase and a possible push toward the upper boundary.
The analyst expects the SUI price to move toward the $3.7–$3.8 range in the short term. Network demand is also rising, which supports the argument for a bounce.
Inverse Head and Shoulders Pattern Suggests Further Upside
Technical analysis from analyst bitgu_ru shows that Sui recently completed a classic inverse head and shoulders pattern. This formation is often seen as a bullish reversal signal.
The pattern was developed within the $2.42–$2.54 range and established key price levels. A strong upward breakout followed, signaling renewed bullish momentum. SUI price entered a temporary pullback phase after reaching highs near $3.82 and $3.74.
However, the market has not moved below the previous breakout zone of $3.20. This level continues to serve as a strong support zone. The current consolidation is a cooling phase rather than a trend reversal.
The analyst notes that momentum may resume if the SUI price exceeds this range. The previous consolidation phase provided a base for the last rally, and a similar setup could now be in play.
RSI Reset and Network Activity Support Renewed Momentum
Technical indicators and statistical data from blockchain systems indicate that market conditions are likely favorable. The Relative Strength Index (RSI) sharply increased throughout April, indicating strong bullish momentum.
After exiting the overbought zone, its price levels normalized, suggesting a phase of consolidation or trend stabilization. Most price movements occur after this cooling period if market participants keep up the buying momentum.
Sui blockchain network has experienced enhanced activity during this period. Users increase their digital wallet involvement while executing more transactions and increasing their network activities.
When on-chain participation strengthens, the price often rises. This happens because increased network activity shows growing interest in the platform’s operation.
Analysts See $5 as a Potential Medium-Term Target
Analysts are now examining future price movements beyond reclaiming $3.80 immediately. However, several experts focus on this short-term objective.
A price rise of $3.80 within the channel structure could drive prices toward $4.00 before potentially reaching $5.00. SUI price will likely keep rising due to a breakout from a bearish pattern. Strong support levels and better market conditions further support this upward trend.
A Sui crypto price forecast indicates the token may increase by 231.38% up to $10.93 on June 2, 2025. The technical market indicators show bullish signals. However, the Fear and Greed Index shows a value of 64, pointing to market greed.
SUI price achieved positive results in 14 of its 30 daily periods this month. Also, the market showed a 24.18% price fluctuation. A breakout at the daily SUI/USDT price chart displays a bullish trend as it breaks out from a falling wedge formation.
The price jumped from its initial $1.70 value to surpass $4.00 and is expected to move closer to $5.00. The RSI value has reached 62.61, which indicates additional opportunity for price appreciation. Due to minor selling pressure, the overall bullish trend continues.
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
