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Cryptocurrency News Articles
Here’s Why SUI Price Could Hit $4.40 Soon, Expert Explains
May 09, 2025 at 02:00 am
SUI is gaining momentum after breaking above key resistance levels, with price action and liquidity data pointing to a possible move toward $4.40.
The price of SUI has been on the move in recent days, breaking above key resistance levels and continuing to show strength as bulls set their sights on the next key Fibonacci level at $4.10-$4.40.
SUI is Among Most Watched Altcoins
This move puts SUI among the most-watched altcoins for a potential move in the coming days, with analysts tracking both the structural breakout and the liquidity data that could come into play on the next leg up.
Crypto expert Michaël van de Poppe and top analyst Chris have shared bullish views on SUI price, though from different analytical angles.
Van de Poppe highlighted the broader trend shift and strong ecosystem sentiment at the SUI Basecamp event. Meanwhile, Chris shared a heatmap visualization of the order book, highlighting a visible liquidation cluster between $4.10 and $4.40.
SUI Breakout Structure Suggests New Uptrend
The weekly chart shows that SUI price has broken out of a clear downward structure that has been in place for several months.
This move is part of a recurring pattern, as previous breakouts in November 2023 and August 2024 led to shifts in the trend, marked by higher highs and higher lows.
Price has advanced by roughly 12% this week, trading above $3.65 after moving above a former resistance range of $2.75 to $3.50. The volume underpinning this breakout is higher than average, suggesting participation from buyers.
Analysts describe this as a continuation of a longer-term bullish structure, with the next targets on the Fibonacci sequence being at $4.00 and $4.20. The RSI is also trending upward, remaining above 60 but below overbought territory.
Furthermore, Michaël van de Poppe, who visited the SUI Basecamp event, reported high energy among developers and projects building within the SUI ecosystem. He observed a clear breakout from a downward pattern in the charts and consistent growth in total value locked (TVL). He suggested that SUI could emerge as one of the stronger performers in the current market cycle.
This sentiment aligns with the technical momentum, as the token’s trend structure confirms a shift after months of consolidation and correction.
SUI Heatmap Analysis Points to Key Liquidity Zone
A separate chart, shared by Chris, used a heatmap order book combined with volume profile data. It highlighted a dense liquidity zone between $4.10 and $4.40, often referred to as a liquidation cluster. This area contains multiple large sell orders and potential stop-loss levels of short sellers.
SUI price is approaching this zone after a move from a consolidation range near $3.00 to $3.60. The volume profile shows a low-activity region between $3.75 and $4.00. When tokens enter such gaps, price action often accelerates. If SUI breaks through $4.00 with volume, the momentum could trigger a chain reaction of liquidations up to $4.40.
SUI Price Short-Term Levels to Watch
Support now lies near $3.00 to $3.20, which served as a base during recent consolidation. Minor support also exists around $3.50. The $4.10 to $4.40 range could act as short-term resistance. A confirmed breakout above this level may prompt further price exploration toward $5.00 and beyond.
Analysts suggest watching volume and SUI price behavior closely around the $4.00 mark to determine whether the move continues or stalls.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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