SUI Price Blasts Past Resistance – Is a New All-Time High Coming This Week?

SUI kicked off the week with a strong move up, grabbing the attention of traders and analysts alike.

Key takeaways:

* SUI price kicked off the week with a strong move up, pushing above the key resistance at $4.13.

* Top traders like BEAST and Coinvestor.sui are watching the current setup closely.

* LPEs may impact how traders view SUI's fully diluted valuation (FDV) over the next few years.

SUI price showed strength early this week as it tries to breakout of the $4.15 to $4.20 zone. The token faced one rejection at this range earlier, which is indicated by the long wick left on the 15-minute chart.

However, buyers returned to push the price back above this area as the trend continues to favor the buyers.

On the 15-minute chart, SUI price is making higher highs and higher lows, which usually signals more upside ahead.

The first big candle of the session was highlighted by trader BEAST who said: “$SUI starting the week with a big candle is very bullish. This might be the week it breaks ATH and go into repricing.”

The zone to watch on the chart is the $4.15 to $4.20 area, which has acted as resistance. If the token can break and hold above this range, it could open the door to new all-time highs and price discovery.

SUI Bullish Chart Structure and Market Behavior

Chart structure supports a bullish bias. Following a V-shaped recovery from below $4.00, the chart shows a bullish engulfing pattern and continued upward momentum. Volume surged during the breakout, suggesting participation from larger buyers.

This has led many traders to monitor the $4.05 zone, now seen as short-term support.

If the SUI price fails to break the $4.20 zone convincingly, a pullback toward this $4.05 region may occur. However, continued bullish pressure could push the token into new territory without a retest.

Long-Term Supply Dynamics May Influence SUI Price Outlook

Beyond the short-term chart patterns, long-term supply distribution is being considered.

One X user, Coinvestor.sui, stated, “Over 50% of the Total supply of $SUI will be unlocked after 2030.” This points to a lower effective circulating supply than what is listed on platforms such as CoinGecko or CoinMarketCap.

The post emphasizes that this limited supply could influence how traders evaluate SUI's fully diluted valuation (FDV) over the next few years. The user concluded by stating, “Raise your targets, just saying,” referencing the possibility of undervaluation at current market prices.

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Key Levels to Watch for SUI Price

Traders are watching two main price levels this week. The $4.15 to $4.20 resistance zone is the immediate barrier. A close above this range on higher timeframes could act as confirmation for further upside.

On the downside, $4.00 to $4.05 remains an area of interest for potential support.

Should SUI price break and hold above $4.20, it may enter repricing, where past resistance no longer applies. With strong early-week momentum and positive sentiment reflected on social media, the conditions for a breakout are present. However, sustained follow-through will depend on both volume and broader market strength.

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