Decoding SUI’s Price Action – Why a $1.68 Breakout Could Extend Higher
Sui (SUI) has jumped into focus after Bitwise filed for 11 crypto ETFs, with SUI included. Since that news, the token has rallied nearly 19% in just three days, outperforming the broader market.
With Bitcoin testing the $90K zone and BTC dominance declining, capital rotation into altcoins is becoming clearer.
◼ Market context
◼ Bitwise ETF filing sparked fresh demand for SUI
◼ BTC strength + falling dominance supports altcoin momentum
◼ SUI shows relative strength vs the broader market
Why SUI Could Rally Another ~70%
◼ Weekly structure
◼ Higher-timeframe trend remains bearish, but a bounce is in progress
◼ A weekly close above $1.79 would signal short-term bullish control
◼ Upside targets align with Fibonacci levels at $2.95 and $3.40
◼ Momentum and buying pressure are improving, but not yet fully bullish
Key Level: $1.68 Range High
◼ SUI was trading above the $1.68 range high at press time
◼ A daily close above $1.68 = strong bullish confirmation
◼ Failure to hold above this level could trigger a range rejection
◼ Current price action favors a breakout continuation
Trader Signals – Buy the Breakout
◼ OBV attempting a higher push → rising demand
◼ Awesome Oscillator printed a bullish crossover
◼ BTC clearing local resistance adds confidence to long setups
◼ Breakout traders eye $2 first, then higher extensions
Final Thoughts
◼ SUI’s rally is driven by ETF speculation + BTC strength
◼ Holding above $1.68 keeps the bullish structure intact
◼ Short-to-medium term targets sit at $2.00 → $2.95 → $3.40
◼ Failure to hold the range high would invalidate the bullish thesis
⚠️ As always, manage risk — but momentum currently favors the bulls.
