SUI Eyes $4 Resistance Amid Strong Altcoin Momentum

San Francisco, CA – SUI, a Layer-1 blockchain token, is trading at a crucial level as it has shown signs of a bullish trend following a strong recovery from its recent lows. After hitting local lows in early April, SUI has steadily climbed, indicating renewed investor interest.

Currently priced at $3.46, SUI is approaching the $4 resistance zone, which is a significant hurdle for the bulls. Analysts suggest that overcoming this level with substantial trading volume could confirm a bullish breakout and possibly lead to price discovery for the token. On social media platform X, top analyst Kaleo commented that SUI is gaining momentum and could soon test the $4 mark.

Market sentiment appears to be shifting in favor of altcoins, partly driven by Bitcoin‘s consolidation above $95,000. Within this landscape, SUI stands out as one of the stronger performers. If it successfully breaks above $4, further upside potential could open for the token, solidifying its position among leading Layer-1 blockchains.

Despite the optimistic outlook, risks persist. Some experts warn a potential market retrace as global tensions and liquidity concerns loom. Investors remain cautious, watching closely to see if SUI can maintain its strength and outperform other altcoins in the coming period.

For now, the $4 resistance serves as an essential benchmark for the token’s future. Analysts believe that if SUI continues to hold above crucial support levels, like the 200-day moving average around $3.25, it maintains a chance to progress toward new highs. However, should it fail to reclaim $4, a drop below $3.20 could prompt deeper tests around $2.80.

As bulls continue to apply pressure, the upcoming sessions will be vital in determining whether SUI can lead the next altcoin rally.