Can Bulls Maintain Momentum Above $3.50?

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

SUI price dynamics (Source: TradingView.)

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

SUI price dynamics (Source: TradingView.)

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

SUI price dynamics (Source: TradingView.)

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 price dynamics (Source: TradingView.)

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

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.