The post SUI Crypto Price Breaks $3.89: Bullish Momentum Signals $11 Target Ahead appeared first on Coinpedia Fintech News

The crypto market has rebounded from an earlier price depression, raising optimism among investors. Even in mid-May, the SUI price crossed the $4 mark and was among the lead performers in the altcoins lineup.

Even when writing the SUI price, it is still hovering near $3.9, despite the market being in a cooldown period. This shows how fundamentally strong SUI crypto is, and that is why it is trying to sustain above important Fibonacci levels.

In Q2 2025, the SUI price has stayed in a higher-highs and higher-lows structure and followed the 20-day EMA band dynamic support. Technically, the SUI seems poised for a run. Even experts are positive that soon it will break its $5.37 high and reach a target beyond $11.

Moreover, the recent market capitalization of $13 billion reflects its increasing significance in the market. Importantly, the Q1 correction appears much like a calculated retest and not a breakdown when seen in Q2 of 2025.

Also, all the price points on both short and long-term charts still respect the key structural points. Even on-chain metrics support its bullish narrative. Keep reading to know more.

SUI Price Builds Bullish Momentum, Eyes Higher Price Targets

In a recent analysis, an expert highlighted the resilience of the SUI crypto, which has successfully maintained its Inverse Head & Shoulders breakout after surpassing the neckline around $3.65 to $3.75. 

With the current price hovering around $3.89, SUI continues to hold above essential support levels, reinforcing a bullish outlook.

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Maintaining a position above the $3.65 to $3.70 range is vital for confirming the strength of this bullish setup, while a drop below $3.60 could invalidate the positive pattern.

While another analyst says on the weekly chart, the SUI price has been moving within this ascending wedge pattern, with consecutive impulsive waves to the upside.

The analyst, based on his technical perspective, highlights that SUI is getting ready for its next major move, and per his SUI price projection he projects an target upto $11.50 next.

Social Volume and Development Activity Hints Optimism for SUI crypto

The social volume indicates a continuation of the ongoing short-term trend, and a rise in the social volume also indicates the rising awareness regarding SUI crypto. 

Furthermore, the development activity reflects the level of activity in the form of ongoing projects and developments in the crypto. The developer’s activity shows that it is on the rise, which means the number of pure developments on its GitHub repository is increasing with time. 

Both these metrics are important factors that highlight the long-term reliability of a project.

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Filed under: Bitcoin - @ May 21, 2025 2:24 pm