SUI’s price trajectory shows growing potential for a push toward the $5.00 mark, supported by tailwinds from the altcoin season and bullish technical indicators. The asset recently cleared its 50-day simple moving average near $3.10 and now approaches a decisive resistance level at $4.30—a threshold analysts deem critical for sustaining upward momentum.
Market technicians highlight strategic support foundations at $3.81 and the 20-day exponential moving average around $3.37. These levels offer robust cushions for buyers during pullbacks, reinforcing bullish sentiment. A confirmed breakout above $4.30 could activate accelerated gains targeting $5.00, though failure to hold $3.55 might trigger retracements toward $3.30.
The rally aligns with shifting market dynamics as capital rotates from Bitcoin into altcoins. SUI benefits from heightened investor interest given its resilient technical structure and expanding community engagement. Traders are advised to monitor price action around the $4.30 resistance and 20-day EMA closely, with a sustained close above $4.30 signaling strengthened buying conviction.