Fun

SUI Hype Grows As Price Action Points To A Rally: $4 Level In Focus

News Feed - 2025-05-03 01:05:30

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español.


SUI is now trading at a pivotal level after confirming a bullish structure on the short-term chart. Following a strong recovery from its local lows in early April, the Layer-1 token has steadily climbed, showing clear signs of renewed investor interest. However, while the uptrend remains intact, the $4 resistance zone stands as the next major obstacle that bulls must overcome to confirm a decisive breakout. Related Reading HYPE Confirms Strength With Solid Throwback Response – Bullish Reversal? 22 hours ago


Market sentiment has been shifting as altcoins regain strength alongside Bitcoin’s consolidation above $95K. In this context, SUI has emerged as one of the stronger performers. Still, the challenge lies in clearing the $4 level with volume, which could unlock further upside potential and open the path toward price discovery.


Top analyst Kaleo shared an insightful analysis on X, noting that SUI is gaining momentum and looks poised to reclaim the $4 mark soon. According to Kaleo, this level could act as the launchpad for the next leg higher, provided bulls maintain pressure and volume supports the move. With macro uncertainty still clouding the broader market, SUI’s upcoming price action could serve as a barometer for altcoin strength in the near term. SUI Leads Altcoins As Bulls Target $4


SUI has emerged as one of the most resilient and promising Layer-1 (L1) blockchains in the current market cycle. A Layer-1 blockchain refers to the foundational network infrastructure of a blockchain ecosystem—examples include Ethereum, Solana, and now SUI. These platforms host smart contracts and decentralized applications (dApps), and their strength often defines how much developer activity and user engagement they attract. In this context, SUI is positioning itself as a serious contender in the competitive L1 space.


Amid growing volatility and macroeconomic uncertainty, SUI has held up remarkably well, showing strength even as other altcoins remain trapped in consolidation. Its relative strength against Bitcoin—often a key indicator of altcoin momentum—has not gone unnoticed. Kaleo recently noted that SUI is displaying a solid performance versus BTC and appears ready to reclaim the $4 level, a major resistance area that has capped the upside for weeks. A clean break above $4 could trigger a broader rally, especially if market conditions remain favorable for altcoins. SUI testing crucial resistance | Source: Kaleo on X


However, despite the bullish signals, risks remain high. Some analysts warn that the market could face another retrace as global tensions and uncertain liquidity conditions continue to shape sentiment. In such an environment, investors are watching closely to see if SUI can defy the trend. Its recent strength suggests it could outperform other L1s during the next phase of the market, especially if capital rotates back into high-potential altcoins. Related Reading Dogecoin Whales Buy 100 Million DOGE In 24 Hours – Demand Signals Growing Confidence 1 day ago


With bullish structure intact and volume beginning to build, SUI could be one of the first major altcoins to lead the charge—if the breakout above $4 confirms. Price Holds Key Support Ahead Of Breakout Test


SUI is currently trading at $3.46, holding firm above the 200-day moving average (MA), which sits around the $3.25 level. This key technical support has acted as a strong foundation during recent volatility, signaling that bulls still maintain control of the short-term structure. As long as SUI stays above this zone, the possibility of continuation remains intact. Price trading below $4 | Source: SUIUSDT chart on TradingView


The next major hurdle lies at the $4 mark—a psychological and technical resistance level that has rejected price advances several times in recent weeks. A decisive breakout above $4, followed by a close above the $4.20 area, would confirm a bullish setup and could trigger further upside momentum toward new highs.


However, caution is warranted. If SUI fails to reclaim $4 and slips below the $3.20 level, it may test deeper support near the $2.80 zone. Losing this range could shift sentiment and open the door to a broader correction, especially if weakness returns to the overall altcoin market. Related Reading Whales Sell 262,000 Ethereum Amid Recent Price Surge – Smart Exit Or Profit-Taking? 1 day ago


For now, bulls are in a position of strength, but confirmation requires sustained buying pressure and a clean breakout above overhead resistance. The coming sessions will be key in determining whether SUI can lead the next altcoin rally.


Featured image from Dall-E, chart from TradingView

News Feed

Bitcoin Price Targets $110,000 All-Time High After Consolidation Trend Ends
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Bitpapa Enters Kenyan Cryptocurrency Market
Bitpapa Enters Kenyan Cryptocurrency Market press release PRESS RELEASE.In the face of financial regulators’ overall negative attitude toward digital assets, P2P marketplaces
Digital Asset Firm Bakkt to Go Public After Completing Merger — BKKT Shares Set to Trade on NYSE Monday
Digital Asset Firm Bakkt to Go Public After Completing Merger — BKKT Shares Set to Trade on NYSE Monday The digital asset company Bakkt Holdings has completed a merger with a fir
US Inflation Data Eases Concerns; Crypto Economy Jumps 11% Higher While Market Analysts Anticipate Fed’s Next Decision
US Inflation Data Eases Concerns; Crypto Economy Jumps 11% Higher While Market Analysts Anticipate Fed"s Next Decision The U.S. Labor Department released the consumer price index (
ECB Chief Lagarde Says Digital Euro Will Not Replace Cash — But Could Offer Convenient, Cost-Free Means of Payment
ECB Chief Lagarde Says Digital Euro Will Not Replace Cash — But Could Offer Convenient, Cost-Free Means of Payment The president of the European Central Bank (ECB), Christine Lag
Chainlink aims to bolster cross-chain security via Transporter
Zoltan Vardai8 hours agoChainlink aims to bolster cross-chain security via TransporterChainlink aims to make cross-chain bridges, which account for nearly 50% of all value lost to DeFi exploits, more secure.515 Total vie
William Suberg11 hours agoBitcoin bulls hold firm into weekly close: BTC price eyes $39.3KBTC price action is giving various popular market participants cause to prepare for upside BTC price continuation.6011 Total views
Ezra Reguerra14 hours agoCircle weighs in on SEC vs. Binance case, argues stablecoins are not securitiesCircle noted that assets pegged to the U.S. dollar are not securities, partly because users are not expecting any pr
Turner Wright2 hours agoGrayscale resolves lawsuit with Fir Tree over proposed changes to Bitcoin TrustFir Tree hinted at potential additional litigation against Grayscale and parent company Digital Currency Group based
NoVa Battles Rocked the 2022 Dubai Crypto Expo
NoVa Battles Rocked the 2022 Dubai Crypto Expo press release PRESS RELEASE.At the Dubai Crypto Expo that happened between March 16 and 17, 2022, the NoVa Battles team led by CEO Luc
Tom Mitchelhill8 hours agoPhilippines SEC teams up with US counterpart to combat crypto fraudThe Philippines SEC is now collaborating with the U.S. SEC and the Asian Development Bank to better combat crypto-related crime
What is a Helium miner and how does it work?
Dilip Kumar Patairya13 hours agoWhat is a Helium miner and how does it work?Explore Helium miner, a decentralized device that earns cryptocurrency by providing IoT network coverage and validating transactions.36406 Total