Successful breakout, SUI is ready to challenge the $3.5 level.

In a notable development in the crypto market, SUI has successfully broken out of an important technical pattern, opening up new growth prospects. This move indicates a significant shift in momentum, as buyers gradually regain control and the price is heading towards the strategic resistance level at $3.5.

Establishing Technical Setup to Reinforce Uptrend

According to recent updates from Crypto VIP Signal on X, SUI has completed an important technical breakout by rising above the descending wedge pattern – which is often considered a signal indicating a trend reversal from bearish to bullish. This pattern forms during a phase of price suppression and gradually narrowing fluctuations, reflecting the market's state of indecision. The successful breakout from the pattern not only closes the accumulation cycle but also indicates that buying pressure has become strong enough to change the entire landscape, reestablishing a clear upward trend. This is seen as a psychological turning point, as investor confidence returns and expectations for price increases are increasingly reinforced.

Right after the breakout, SUI has made a correction to test the newly formed support zone – a move often regarded by technical analysts as an important confirmation step for the validity of a breakout. Maintaining this support level not only strengthens the reliability of the pattern but also creates a solid foundation for the price to continue its growth trajectory. This is seen as a "test of endurance" that SUI has successfully passed, further reinforcing the confidence of the buyers.

Another noteworthy point is that new capital has begun to enter the market, as evidenced by increasingly strong buying pressure. This demand indicates that the market has absorbed the selling supply well, minimizing the risk of an early reversal. When selling pressure is under control, the upward momentum is likely to remain stable and extend to higher resistance levels. This clearly reflects that the balance is gradually tipping in favor of buyers, opening up opportunities for SUI to enter a more sustainable growth cycle in the short term.

Short-term target: 3.5 dollars

In its analysis, Crypto VIP Signal points out that the $3.5 area is emerging as a key resistance level for SUI. This is not only an important technical milestone but also a factor that could determine whether this cryptocurrency can maintain and expand its upward trend. If SUI successfully breaks out and closes above the $3.5 mark, the market is likely to witness a new wave of buying, opening up a cycle of expanded growth and the potential to establish higher price peaks in the short term.

In addition to that viewpoint, analyst Gemxbt noted that SUI is sending strong reversal signals. A prominent factor is that the price has risen above both the 5-day and 10-day moving averages, clearly reflecting the dominance of the buying side. According to technical analysis, when the price remains stable above short-term moving averages, the upward trend usually has a stronger foundation and is less affected by short-term corrections.

In addition, the market is currently identifying important price zones to watch. On the upside, the $3.35 level is considered a near-term resistance, serving to test the strength of the current upward momentum. Conversely, the $3.20 zone is acting as strong support, like a "safety cushion" to minimize risks in case the price temporarily retreats. Maintaining this support zone will be key to sustaining investor confidence.

Not only are price levels significant, but technical indicators are also in agreement with a positive outlook. The RSI indicator has bounced back from the oversold region, indicating that new buying momentum is entering the market. At the same time, the MACD has just confirmed a bullish crossover, further reinforcing the upward trend scenario. When momentum indicators provide supportive signals together, the likelihood of a strong price rally becomes more evident.

Aggregating all factors – from technical patterns, important support – resistance zones, to signals from RSI and MACD – it can be seen that SUI is on the verge of entering a new growth cycle. If it successfully breaks through the $3.5 mark, this token could completely attract additional investment flows, expand its bullish trajectory, and create higher milestones in the short term.

Taylor