The post Sui Price: Crypto Bulls Target $4.50 After $2.43 Support Bounce appeared on BitcoinEthereumNews.com.

TLDR: Sui bounces 15% from $2.43, breaking a month-long downtrend with rising trading volume. Falling wedge breakout confirmed, with bulls targeting $4.50 and $6.20 upside levels. Whale accumulation lifts confidence, as on-chain data shows rising cold wallet flows. Clearing $3.10 resistance is key for continuation; failure could revisit $2.43 support. Sui bulls defended the $2.43 level and sparked a sharp rebound on Tuesday. The token climbed roughly 15 percent, closing near $2.79 and snapping a month-long pullback.  Trading volume rose toward $1.5 billion, showing renewed market interest. Analysts link the move to rising layer-1 momentum across the crypto market. Consequently, traders now watch higher resistance zones for confirmation of an emerging uptrend. Chart Breakout Reinforces Sui Price Momentum Besides the bounce, chart watchers highlight a falling-wedge breakout that formed after weeks of compression. Crypto Winkle, a top analyst, called the pattern “textbook” and set initial targets at $4.50 and $6.20 However, price must first clear a local supply band around $3.10–$3.16. A close above that area could strengthen bullish conviction and attract fresh capital. Moreover, CoinGecko data show daily volume jumping about 50 percent to $1.97 billion while market cap added 12 percent. Large wallets appear to accumulate, signaling confidence in Sui’s network growth. SUI price on CoinGecko Additionally, on-chain dashboards record steady inflows to exchange cold wallets, hinting that holders move tokens for long-term storage rather than quick sales. Key Resistance Zones Ahead for SUI Bulls Consequently, traders identify two major upside checkpoints. The first sits at $4.40–$4.50, matching April supply and Crypto Winkle’s Target 1. The second cluster is near $6.20, where profit-taking pressure could re-emerge. Failure to flip $3.10 support would invalidate the immediate setup and place $2.43 back in focus. Hence, risk management remains vital while momentum builds. $SUI held its weekly trendline like a champ…

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Filed under: News - @ June 24, 2025 11:24 pm