As Bitcoin fluctuates near the $84,000 mark, the crypto market witnesses massive fluctuations. Amid such fluctuations, the SUI price struggles to hold its ground near the $2 psychological level.
With the recent downswing, SUI retests the psychological level and struggles to avoid a pattern breakdown. Amid such conditions, a technical indicator signals a potential recovery.
Will this drive the SUI price for a breakout rally to the $3 psychological level? Let’s find out.
SUI Nears Triangle Breakout, Bulls Target $3
In the 4-hour price chart, the SUI price trend showcases a triangle pattern. The symmetrical triangle pattern has held the SUI price since late March. Currently, the SUI price trend showcases a bullish failure to overcome the resistance trendline, resulting in a pullback to the support level.
Along with the support trendline, SUI finds a bullish cushion near the $2 psychological mark. The SUI token prepares for a potential reversal within the triangle with a morning star pattern.
However, the altcoin struggles to surpass the center pivot level, acting as the immediate resistance at $2.12. Currently, the token trades at $2.10 and is gradually inching closer to the apex.
However, supporting the chances of a recovery run, the MACB indicator shows the average line closing for a positive crossover. This reflects a significant decline in the bearish momentum and an increase in the trend reversal chances.
In case of a trend reversal, the uptrend is likely to challenge the overhead trendline near the $2.25 mark. Optimistically, a breakout run could reach the R2 pivot resistance level at $2.8165.
Beyond this, the bullish potential increases to cross the $3.00 psychological level and reach the R3 pivot at $3.2196. On the flip side, a triangle breakdown will face the immediate support at $1.83, followed by the S2 pivot support at $1.426.
Key Network Achievements and Developments for SUI
As the SUI struggles for a bullish reversal, the network witnesses a massive achievement. Based on the data from Artemis, the network has hit a milestone of 500 million transactions in 2025 from Year-to-Date.
This year-to-date achievement highlights the SUI as surpassing top names in the crypto market, such as Arbitrum, Ethereum, Optimism, and Bitcoin. Arbitrum comes second with 206 million transactions, followed by Ethereum at 129 million.
Furthermore, the stablecoin supply over the SUI network has reached a new all-time high. This marks a 99.82% near-to-date surge in 2025 as it reaches $746.81 million.
Furthermore, a recent partnership between SUI and the Greece National Stock Exchange (ATHEX) highlights the growing adoption of SUI in the real world.
