SUI Sets Its Sights on $4 as Market Sentiment Shifts in Bitcoin's Wake

SUI is now trading at a pivotal level after confirming a bullish structure on the short-term chart. Following a strong recovery

SUI price is now approaching a pivotal level as it aims to confirm a bullish structure on the short-term chart. Following a strong recovery from its local lows in early April, the Layer-1 token has been steadily climbing, showing clear signs of renewed investor interest.

While the uptrend remains intact, the $4 resistance zone stands as the next major obstacle that bulls must overcome to confirm a decisive breakout.

Shifting Sentiment Favors SUI

As Bitcoin price remains stable above $95K, allowing altcoins to regain some strength, some of the best-performing cryptocurrencies have emerged. Among them, SUI has been one of the more interesting cases, especially as it prepares to clear the $4 level with volume.

This could unlock further upside potential for the token and open the path toward price discovery.

Top analyst Kaleo shared his analysis of SUI, noting that the token is gaining momentum and looks poised to reclaim the $4 mark soon. According to the analyst, 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: A Prominent L1 In A Crowded Market

SUI is one of the most promising L1 blockchains in the current market cycle. A Layer-1 blockchain is the foundational network infrastructure of a blockchain ecosystem—for example, Ethereum, Solana, and SUI are all L1s. These platforms host smart contracts and dApps, and their strength often defines how much developer activity and user engagement they can attract.

In this context, SUI is positioning itself as a serious contender in the crowded 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 "very nice 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.

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 market sentiment.

In such an environment, investors are watching closely to see if SUI can defy the trend. Its recent strength suggests it could outmaneuver other L1s during the next phase of the market, especially if capital rotates back into high-potential altcoins.

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. 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, 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 for a broader correction, especially if weakness returns to the overall altcoin market.

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.