SUI Hype Grows As Price Action Points To A Rally: $4 Level In Focus

By: bitcoin ethereum news|2025/05/03 01:00:13
0
Share
copy
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. SUI is now trading at a pivotal level after confirming a bullish structure on the short-term chart. Following a strong recovery from its local lows in early April, the Layer-1 token has steadily climbed, showing clear signs of renewed investor interest. However, while the uptrend remains intact, the $4 resistance zone stands as the next major obstacle that bulls must overcome to confirm a decisive breakout. Related Reading Market sentiment has been shifting as altcoins regain strength alongside Bitcoin’s consolidation above $95K. In this context, SUI has emerged as one of the stronger performers. Still, the challenge lies in clearing the $4 level with volume, which could unlock further upside potential and open the path toward price discovery. Top analyst Kaleo shared an insightful analysis on X, noting that SUI is gaining momentum and looks poised to reclaim the $4 mark soon. According to Kaleo, 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 Leads Altcoins As Bulls Target $4 SUI has emerged as one of the most resilient and promising Layer-1 (L1) blockchains in the current market cycle. A Layer-1 blockchain refers to the foundational network infrastructure of a blockchain ecosystem—examples include Ethereum, Solana, and now SUI. These platforms host smart contracts and decentralized applications (dApps), and their strength often defines how much developer activity and user engagement they attract. In this context, SUI is positioning itself as a serious contender in the competitive 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 solid 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 sentiment. In such an environment, investors are watching closely to see if SUI can defy the trend. Its recent strength suggests it could outperform other L1s during the next phase of the market, especially if capital rotates back into high-potential altcoins. Related Reading 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, caution is warranted. 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 to a broader correction, especially if weakness returns to the overall altcoin market. Related Reading 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. Featured image from Dall-E, chart from TradingView Source: https://www.newsbtc.com/sui/sui-hype-grows-as-price-action-points-to-a-rally-4-level-in-focus/

You may also like

WSJ: Hyperliquid is becoming Wall Street's crypto "convenience store"

Hyperliquid has become a 24/7 trading venue, with more and more traditional and cryptocurrency traders flocking to the platform to bet on almost all assets.

Morning Report | Robinhood completes acquisition of WonderFi for $180 million; Anthropic submits IPO draft application to SEC confidentially; Google plans to raise $80 billion in financing

Overview of Important Market Events on June 2nd

Morning Report | Strategy sold 32 BTC and over 800,000 shares of MSTR last week; Binance officially announced its U.S. stock trading portal; Polymarket reached an exclusive partnership with OneFootball

Overview of Important Market Events on June 1st

Zhou Hang: How much is SpaceX really worth?

Great companies do not equal good stocks: A deep analysis of why SpaceX's $1.75 trillion IPO valuation may contain a $1.25 trillion bubble, and retail investors should avoid blindly chasing "story premiums."

IOSG: From Coinbase to Upbit: How a Token Completes a 28-Day Journey of Taking Over

The IOSG report indicates that by 2026, the listing of tokens on first-tier exchanges has formed a highly structured path where Coinbase and ByBit are responsible for initial discovery, Binance quickly verifies and confirms, and Korean exchanges provide liquidity at the end.

Exclusive Interview with Alpaca CEO: What is the background of the US stock underlying service provider behind Binance and Bitget?

Binance and Bitget's underlying service provider in the US stock market, Alpaca, has entered the unicorn club with its "AWS of Finance" model, currently holding 94% of the tokenized US stock market share and is accelerating the transformation of global on-chain financial infrastructure.

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com