The post SUI breaks out: Bullish reversal signals rally toward $4 and beyond appeared on BitcoinEthereumNews.com.

SUI exploded 75%, thanks to positive market sentiment and ecosystem memecoin frenzy.  The $4 level was within reach, but there was an uptick in profit taking from SUI traders.  Sui [SUI] was one of the top weekly gainers on CoinMarketCap, up 70% and second only to Official Trump [TRUMP] memecoin. The altcoin rallied from $2.1 to $3.7 for five consecutive days, reversing nearly half of its 2025 losses.  SUI — Is $4 the next target? Source: SUI/USDT, TradingView The altcoin peaked at $5.3 but erased the gains following Q1 headwinds. It dumped 68% and slipped below $2. However, this week’s temporary macro relief, which lifted Bitcoin [BTC] back above $90K, fueled SUI’s breakout rally. Its ecosystem memecoin frenzy pushed the rally even higher.  At press time, the altcoin was valued at $3.6 and about 48% away from its peak value of $5.3. On the daily chart, it decisively cleared key overhead hurdles, including the 200DMA (Daily Moving Average, blue) and $3.5.  The next obstacle and supply zone would be $4, which doubled as a breaker block and resistance zone in late January. Additionally, the RSI hit the overbought zone and signaled potential cool-off or reversal.  That said, potential new buying opportunities could be presented in case of a pullback to $3.5 or the 200DMA. However, a decisive dip below 200DMA would be a warning sign for bulls to avoid the market.  Profit taking incoming? Source: Coinglass That said, SUI speculators appeared to be cashing out. In the past 12 hours, Coinglass’s Exchange Netflow data showed that SUI tokens worth $27 million were moved into Binance, Coinbase, and Kraken. This meant more SUI tokens were moved into exchanges for sell-off.   Source: Coinglass On the liquidity heatmaps, the key zone with massive liquidity and potential price magnet was the $3.1-$3.3. This aligned…

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Filed under: News - @ April 25, 2025 11:23 pm