- SUI broke its downtrend and climbed over 40 percent in four days.
- Price jumped from $2.33 and reached a short-term high of $3.39.
- SUI now ranks 11th in market cap and got support from a new Grayscale trust.
SUI has surged over 40% since breaking its downtrend with the crossing of key resistance levels and reclaiming bullish structural trends. The weekly chart by @rektcapital clearly shows breakouts from descending resistance. SUI was trading near $2.95 during the analysis and reached a high of $3.39. The movement is synonymous with renewed market momentum, and recent structural shifts have occurred in the major altcoins.
Price Breakout and Technical Confirmation
The weekly chart shows that SUI had been trading into a well-defined downtrend since the beginning of 2025. The trendline, drawn from its peaks over $6, was faithfully honored until mid-April. This trendline was finally broken, igniting accelerated movement to the upside.
From the breakout point, SUI had progressed nearly 40% on its way to $3.39, but then the trade had settled close to $2.95. All this occurred as part of a strong market shown with four daily candles. A calculated move target, which is shown on the chart, marks the continuation toward resistance between $3.39 and $3.78.
The green zone around $2.33 functioned as support in the correction stage. After re-testing this zone, SUI spiked with momentum. Now this area serves as the base for future bullish movements, assuming the price stays above the breakout range.
In a longer-term view, a rounded bottom developed in late 2023 and early 2024. This technical formation suggests a broader accumulation structure. Breakout patterns of this type are usually followed by heavy midterm bull runs in crypto assets.
Fundamental Catalysts and Signs of Institutional Support
As the accompanying tweet notes, institutional support is behind SUI’s rally. Grayscale, according to reports, launched a trust on SUI on April 23. This is an institutional show of confidence since it will allow more accredited buyers into this asset.
It came to SUI after flipping two other popular altcoins, AVAX and LINK, in total market capitalization. Now, it ranks 11th in the total crypto market capitalization, which puts it into one of the most-tracked altcoins in the world. This shift may reverse the flows and sentiments in mid-cap trading strategies.
Institutional participation generally paints a different picture in markets, especially whenever a new trust is erected or a fund is established. These attract long-term capital to reinforce recently created technical setups. The trust launched by SUI could anchor demand at current price levels once it becomes active.
The asset is technically as well as fundamentally strong. The recent breakout has happened in sync with a larger recovery by altcoins. Institutional support has come right on time and may well power further movement if the crypto market continues treading the present course.
Will SUI be able to prove itself above resistance for an extended period?
The question that now arises is, can SUI sustain this breakout, or will it be rejected at the $3.39-$3.78 resistance zone?
Price is at an area of contention where it has previously traversed but failed to hold. The red zones mark previous rejection points, which may act as supply regions again. Traders are watching closely to see how
