Decoding SUI’s breakout – Is a rally to $5.30 coming next?

Key Points

1. SUI broke above its multi-month symmetrical triangle, trading at $4.03 with a 7.21% gain in 24 hours, signaling bullish continuation if $4.20 resistance is breached.

2. Despite the breakout, Spot Taker CVD (90-day) shows bearish order flow, indicating potential profit-taking or breakout fatigue.

3. Open Interest (OI) surged by 16.06% to $2.12 billion, suggesting early trend expansion but also increasing liquidation risks if prices reverse.

4. SUI’s Social Dominance spiked to 0.966%, reflecting renewed community interest, which could amplify the breakout if sentiment remains optimistic above $4.20.

5. Total Value Locked (TVL) on SUI rose 26.84% month-to-date to over $2.17 billion, supporting the technical breakout with sustainable growth beyond short-term hype.