- SUI surged 6% after breaking a key resistance, signaling strong buyer interest and a potential move toward $4.
- However, cooling spot volumes suggest caution, as the momentum may need more support to sustain further gains.
SUI Breaks Free From Long Consolidation, Igniting Bullish Momentum
After a prolonged consolidation phase that started back on May 10th, Sui (SUI) has finally broken above a critical bullish flag resistance, sending its price soaring by over 6%. This breakout marks a significant technical shift for the altcoin, confirming a bullish structure that many traders and investors had been eagerly anticipating.
While the broader crypto market showed mixed momentum, SUI’s decisive move above resistance stands out, especially as many altcoins remained range-bound. This strength has set the stage for a potential run towards the psychologically important $4 mark, a level that traders now have their sights firmly fixed on.
Buyer Dominance Signals Further Upside
Supporting the bullish case is data from CryptoQuant analyzed by AMBCrypto, which revealed a strong spike in the 90-day cumulative volume delta (CVD). This metric highlights aggressive buyer activity in the spot market, indicating that demand is currently outpacing selling pressure. Historically, surges in cumulative delta volumes have often preceded major price moves, adding credibility to SUI’s breakout.
The combination of a technical breakout alongside robust buyer demand suggests that the momentum could continue in the near term. However, the big question remains: can SUI sustain this momentum long enough to break above the $4 threshold?
Also read: Solana (SOL) Price Prediction: 5X to 10X Surge Possible if $200 Resistance Breaks, Says Crypto Analyst
Caution: Spot Volume Shows Signs of Cooling
Despite the positive signals, there is a note of caution. The spot volume bubble map for SUI indicates that trading activity is cooling down. Lower spot volumes can suggest weakening conviction among market participants, which may put a cap on how far and fast SUI can move upward without fresh catalysts.
This divergence—strong buyer dominance but shrinking spot volume—raises the possibility that SUI might retest the breakout zone before making a more serious advance. Traders and investors should closely monitor whether buyers continue to absorb selling pressure or if momentum starts to fade.
What’s Next for SUI?
The coming sessions will be critical in determining SUI’s trajectory. If buyers hold the breakout level and volumes pick up again, reaching $4 could happen sooner than expected. On the other hand, if spot interest remains muted, a period of consolidation might precede the next big wave up.
For now, all eyes are on SUI as it attempts to build on this breakout and push towards its next key target. Stay tuned for updates as the story unfolds!
