Sui (SUI) has seen a remarkable bullish reversal over the past few weeks, climbing from a sub-$2.00 base to test the $3.80 zone by late April 2025. As we enter May, the token trades around $3.46–$3.50, consolidating gains and struggling to break past key resistance. Traders are now eyeing whether SUI can sustain its upward momentum or whether a retracement is likely before the next leg up.
Daily Chart: Breakout Confirmed, But Sideways Action Emerges
On the daily timeframe, SUI has decisively broken out of a multi-month descending channel in mid-April, with the breakout rally pushing the token from under $2.50 to just shy of $4.00. This move also reclaimed key support zones near $2.45, $2.80, and $3.00 — now acting as strong demand levels on any pullback.
The vertical rally, however, has stalled near the $3.80–$3.90 resistance zone, which aligns with prior consolidation and minor supply blocks. The price action over the past few sessions shows small-bodied candles and minor wicks, indicating indecision.
As long as SUI holds above $3.00–$3.20, the trend remains bullish. A daily close above $3.80 would open the door to a potential retest of $4.50–$4.80 in the coming weeks.
4-Hour Chart: Bullish Structure, But Rising Bearish Divergence
Zooming into the 4-hour chart, SUI shows a textbook parabolic advance, followed by a narrowing price range and repeated rejections around $3.75. The token is forming a symmetrical triangle, a pattern often resolved with a continuation breakout — although volume and momentum currently appear to be weakening.
Immediate support lies around $3.38, followed by the $3.00 psychological level and $2.84 zone. Any breakdown below these zones could invalidate the bullish setup and push SUI toward the $2.60–$2.40 range.
Meanwhile, resistance remains intact at $3.75–$3.85. A breakout from this range would signal trend continuation and likely accelerate price action toward $4.20 and beyond.
Fibonacci Retracement: Key Zones in Focus
Using the Fibonacci retracement from the recent swing high of $3.87 to the minor dip low near $3.26, we get the following important levels:
- 0.236 Fib: $3.40 (currently being tested)
- 0.382 Fib: $3.49
- 0.618 Fib: $3.64
- 0.786 Fib: $3.74
Price currently hovers around the 0.382–0.618 range — a common consolidation zone before resumption. A successful flip of the 0.618 Fib into support would provide strong bullish confirmation. On the downside, loss of 0.236 may lead to a revisit of the $3.20–$3.00 region.
EMA, RSI & MACD Indicators: Mixed Signals
On the 4H chart, the EMA ribbon (20/50/100/200) shows a bullish alignment with price trading above all moving averages. The 20 EMA at $3.54 is currently acting as short-term support, but a failure to hold this could attract short-term sellers.
The RSI sits at 46.11, below the neutral 50 mark, suggesting a slight bearish divergence. This may reflect waning bullish momentum or simply consolidation after the explosive move.
The MACD is flashing early bearish signs with a potential crossover below the signal line and declining histogram bars. Although not definitive, it implies short-term consolidation or a minor correction.
Bollinger Bands: Volatility Compression Hinting at a Move
SUI’s Bollinger Bands on the 4H timeframe are narrowing, indicating that volatility is compressing. Price is riding the middle band ($3.54), and a decisive move in either direction could trigger the next big leg.
A breakout above the upper band ($3.69) would likely reignite momentum and could send SUI toward $4.00. However, a breach of the lower band ($3.39) might shift bias bearish temporarily.
SUI Price Forecast Table – May 2025
| Price Scenario | Min Price | Avg Price | Max Price |
| Bullish Breakout | $3.75 | $4.20 | $4.60 |
| Bearish Breakdown | $2.60 | $2.85 | $3.20 |
| Range-Bound Consolidation | $3.20 | $3.45 | $3.75 |
Conclusion: Critical Month for Trend Validation
Sui enters May 2025 at a crucial technical inflection point. The recent breakout has flipped SUI’s medium-term trend to bullish, but overbought conditions and tightening patterns indicate a pause or minor correction might precede the next rally.
A confirmed breakout above $3.75 with strong volume would confirm bullish strength and could push SUI toward $4.50 or higher. Conversely, failure to hold above $3.20–$3.00 may delay the uptrend and invite deeper pullbacks.
Traders should watch for a high-volume breakout, key support retests, and confirmation from oscillators before placing directional bets this month.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
