• SUI shows a strong bullish setup after a year of accumulation inside a symmetrical triangle.
• Technical indicators point to steady buying momentum and rising investor confidence.
• A confirmed breakout above $4 could trigger a rally toward $7 and beyond.

SUI is entering a crucial phase after nearly a year of sideways movement. According to Rose Premium Signals, the accumulation inside a symmetrical triangle appears to be over, with a bullish flag forming just below the resistance. 

The setup suggests that a breakout could be imminent, with projected targets of $7.34, $8.60, and $10.86.

Currently, SUI is trading at around $3.67, reflecting a weekly gain of 2.93%. The price action sits near the upper half of the Bollinger Bands, which have tightened significantly in recent weeks. 

Such compression often precedes sharp volatility, and the current positioning indicates that buyers might be preparing for an upward push.

The overall structure on the weekly chart shows resilience, and the market tone is gradually turning more optimistic. The token has maintained stability throughout September, hinting that investor confidence is strengthening as the ecosystem expands.

Also Read: Sui (SUI) Price Breaks Key Trend Line: Will It Hit $4.40 After Breakout?

Technical Indicators Signal Strength in Buyers’ Hands

The chart of SUI/USD is bullishly technical on a cautious note. The market is already above the 20-period EMA at $3.46 and the 50-period EMA at $3.09.

This alignment is evidence of short- and mid-term strength for buyers. The 100-period EMA, which is set well down at $2.32, is evidence for many that the overall trend remains a bullish one.

The Chaikin Oscillator is at +2.91 million, which means purchasing pressure is decisively strong. The gauge tends to signal capital inflow, which is that purchasing accumulation is currently being built up for a prospective breakout.

In a similar way, the RSI remains unchanged at 53.40, showing even-keel momentum without any indication of fatigue.

Although the market is neutral in the short term, the consolidation process appears close to being concluded. If the momentum picks up, a clear penetration above $3.80–$4.00 might validate the continuation bullishly.

Ecosystem Growth Adds Fuel to Price Outlook

Market analyst Michaël van de Poppe said SUI is putting on a big movement, highlighting increasing excitement within the ecosystem. 

Last year’s SUIFest event highlighted the networking protocol’s current advancements, and overall value locked (TVL) now stands at $2.46 billion, a new high for the venture.

Also Read: SUI Explodes After Ethena Labs Partnership, Could Hit $9.01