Can SUI Break $4.25 Resistance? Price, Volume, and Sentiment Say Yes

• SUI is trading at $3.91, holding above key support levels at $3.61 and $3.11 despite a slight daily drop.
• Momentum remains strong with RSI at 62.75 and a positive MACD crossover supporting the ongoing uptrend.
• Open interest is rising while volume dips, suggesting traders are holding positions with growing confidence.
• With resistance between $4.10 and $4.25, a breakout could trigger the next leg higher.

SUI is currently trading at $3.91, down about 2.44% on the day. While this may seem like a setback, the broader trend remains firmly bullish. The price continues to hold well above key support zones, specifically the 20-day EMA at $3.61 and the 200-day EMA at $3.11. This resilience suggests that bulls are still steering the market.

Over the past few weeks, the token has been climbing steadily, even managing to break above the $4 level recently before easing off slightly. This pullback appears more like a healthy pause than a reversal. Momentum indicators are still pointing upward, indicating that the trend may have more room to run.

For instance, the Relative Strength Index (RSI) is currently at 62.75, comfortably in bullish territory, but not yet in overbought conditions. Meanwhile, the MACD remains positive, with the MACD line sitting above the signal line, reinforcing the ongoing uptrend.