SUI Price Eyes $3.60 Breakout After 20% Weekly Surge

TL;DR

• SUI kinds a symmetrical triangle, approaches $3.60 resistance, with rising quantity and bullish worth construction.
• Fibonacci ranges present energy above $3.18, with $2.82 and $2.60 performing as key assist zones.
• SUI rally fueled by tBTC launch and Grayscale report praising the community’s staff and structure.

SUI Value Sees Sturdy Weekly Features

Sui (SUI), the native token of the Sui blockchain, has posted a 20% acquire over the previous seven days. The worth climbed from $2.94 to $3.24 in latest classes, supported by a $0.34 buying and selling vary that confirmed rising exercise. On the time of writing, SUI was buying and selling at $3.52, with a 24-hour quantity of $1.92 billion, and an 8.7% worth improve within the final 24 hours.

In the meantime, the latest rise comes after a collection of market and ecosystem developments which have shifted momentum towards the bulls. Buying and selling volumes have elevated because the token approached key technical ranges that merchants are intently monitoring.

Technical evaluation exhibits SUI consolidating inside a symmetrical triangle sample. This sample is usually seen during times of market indecision, the place each consumers and sellers slim the worth vary. In line with crypto analyst Ali, a detailed above $3.60 would verify a possible breakout from this formation.

$SUI is consolidating inside a symmetrical triangle. A sustained shut above $2.60 might be the breakout sign bulls have been ready for. pic.twitter.com/KyzWxOOslg

— Ali (@ali_charts) July 10, 2025

Notably, the triangle exhibits persistently greater lows since February 2025, supported by an upward-sloping trendline starting round $1.92. As worth motion nears the higher resistance boundary of $3.60, market watchers stay cautious of whether or not the transfer will proceed or pause throughout the vary.

Key Help and Resistance Ranges

Key Fibonacci retracement ranges are at the moment aligned with main zones of curiosity. The 0.618 degree at $3.59 intently matches the $3.60 resistance space. A transfer past this degree could point out sustained energy. The 0.5 degree sits at $3.18, some extent SUI has already moved above, reflecting stronger momentum.

Help stays at $2.82, the 0.382 Fib degree, adopted by decrease assist close to $2.60. A transfer under this degree would maintain the triangle formation intact and counsel the worth might proceed to commerce sideways within the close to time period.

Catalysts Behind Current Momentum

SUI’s latest rally has adopted notable ecosystem developments. The launch of Threshold Community’s tBTC on the Sui blockchain launched bitcoin liquidity to the community, with a possible of over $500 million in BTC worth being added.

Moreover, a report by Grayscale highlighted the Sui blockchain’s design and growth staff. The report pointed to the protocol’s structure, its origins from former Fb workers, and a technique targeted on know-how and scalability as key strengths.