SUI’s next ‘altcoin season’ stop could be $5: Here’s why

Key Points

1. SUI gained momentum after breaking above the 50-day simple moving average, reaching near the overhead resistance of $4.30.

2. Support levels are identified at $3.81 and the 20-day exponential moving average ($3.37).

3. A rebound from the 20-day EMA could lead to another attempt to break above $4.30, potentially driving the price to $5.

4. If the price breaks below the 20-day EMA, it may drop to the 50-day SMA, indicating weakening bullish momentum.

5. On the 4-hour chart, sellers are attempting to halt the rally at $4.10, with $3.55 acting as a critical breakout level.