SUI Price Breaks $4, Targets $5.90 as Bull Run Accelerates

Key Insights:SUI broke above the Kumo cloud and flat Kijun, signaling trend strength.Next price targets include $5, $5.9, and $7.8 if momentum continues.SUI tops CoinGecko’s trending list with 85% market cap growth in 30 days.SUI has been gaining ever-increasing attention in the crypto market after breaking out past the $4.00 level. The breakout follows strong technical signals and an 85% market cap jump in one month. If the uptrend continues, analysts now see $5.90 and $7.80 as possible short-term targets.Breakout Above Key Technical LevelsAccording to chart analysis by market analyst bitgu_ru, SUI has decisively broken through the psychological and technical resistance at $4.00. This move followed a clean bullish structure that began around $2.40 with an inverse head-and-shoulders pattern. The trend was further validated by multiple higher highs and sustained momentum.Source| XSUI recently jumped from $3.74 to over $4.00, confirming a definitive breakout. The $4.00 continues to act as support, and the next resistance now stands at $4.40. Increased strong buying interest and growing trading volume indicate the price is driven by demand.Analysts point out that maintaining a price above $4.00 could lead to upward movement, particularly as momentum traders and breakout followers enter the market.Ichimoku Cloud and Bullish ContinuationOther technical indicators reinforce the bullish trend. The 3-day chart around the $3.50 level shows that SUI breaks above the flat Kijun line and Kumo cloud, as an analyst, Dollarcurrency1 reported. In the Ichimoku system, this kind of breakout frequently has a long-term trend reversal and continuation of upside movement implication.Source| XThe chart shows a strong upward move from a flag zone, which often acts as a starting point in bullish trends. Analyst commentary suggests that any short-term pullback into the Kumo cloud or the fair value gap (FVG) zone could present strong buying opportunities. Traders often use these levels to accumulate during ongoing trends.Using Fibonacci extension tools, price targets for the current move are projected at $5.00, $5.90, and $7.80. These levels align with past resistance zones and typical breakout behavior, especially in trending altcoins.Market cap growth and on-chain strengthSUI’s current price rally also finds favor in its market cap performance. Data from Artemis indicates that SUI has an 85.46% improvement in market capitalization from April 9 through May 8, 2025. This stands as the greatest growth of chains monitored in that period, defeating other high-growth tokens such as HYPE (+70.48%) and SEI (+54.35%).Source| XThis growth signals the growth of investors’ individual confidence and capital inflows into the SUI ecosystem. The uptrend is compounded by vibes on social media, where SUI is currently the number one trending token on CoinGecko for the week.Ecosystem Momentum and Market OutlookSUI is becoming stronger as its ecosystem expands. Increasing developer participation, improved infrastructure, and diversification of participation in DeFi are driving the Sui blockchain to become a competitive Layer 1 network.With prices above $4.00, a move toward the $5.00–$5.90 range appears likely in the near term. The breakout, backed by strong volume, shows buyers are in control. If this momentum continues, a rise to $7.80 could follow soon.The next few days will determine if SUI consolidates above its recent breakout zone or continues its move toward the next resistance level. Many traders are looking for any dips toward the support of $3.74 as possible reentry points in what might take the form of a lasting bullish trend.DisclaimerThis article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.Olivia StephanieOlivia Stephanie is a FinTech enthusiast with a keen understanding of financial markets. Her passion for economics and finance has led her to explore emerging blockchain technology and cryptocurrency markets.The post SUI Price Breaks $4, Targets $5.90 as Bull Run Accelerates appeared first on The Market Periodical.