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- SUI consolidates near $3.59 amid growing on-chain strength.
- Resistance at $4.10–$5.30 holds the key to a $7 breakout.
- TVL and trading volume signal strong market conviction.
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Sui Network (SUI) slipped by 1% to trade near $3.59, but traders appear unfazed. The mild pullback comes amid rising on-chain activity and surging trading volumes — suggesting this may be the calm before a breakout rather than a sign of weakness.
According to recent analyses, SUI has been consolidating within a massive accumulation zone since February, hinting at a potential breakout that could propel prices toward the $7 mark.
Technical Setup Points Toward a $7 Target
Market analyst Ali Martinez highlighted that SUI’s ascending trendline support aligns with the 0.68 Fibonacci retracement — a level often associated with bullish reversals. This technical confluence strengthens the case for accumulation around current levels.
The accumulation phase for $SUI looks nearly complete. This is the zone to load up before the breakout to $7! pic.twitter.com/GuSwB5HSDt
— Ali (@ali_charts) October 6, 2025
However, strong resistance remains at $4.10 and $5.30 — zones where sellers have consistently capped upside momentum. A successful breakout above these barriers could unlock a clear path toward $7, potentially within the next year or two.
If resistance continues to hold, SUI may remain range-bound between $3.50 and $5.00, extending its consolidation phase.
On-Chain Activity Confirms Strength
Data from DeFiLlama shows SUI’s daily DEX volume recently hit $1.43 billion, while perpetuals volume reached $160 million in 24 hours. The Total Value Locked (TVL) climbed to $2.6 billion, with overall network TVL — including staking — surpassing $4.3 billion.
Sui also overtook Toncoin (TON), Mantle (MNT), and Optimism (OP) in stablecoin market capitalization, now standing at $921 million. Its total swap volume has crossed $16.25 billion, reflecting growing liquidity and user engagement across the network
The Road Ahead
With strong fundamentals and an increasingly bullish technical setup, SUI could be gearing up for a significant move. If it breaks through the $4.10–$5.30 resistance band, the long-term $7 Fibonacci target remains firmly in sight.
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Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
Also Read: Sui (SUI) Price Holds $3.10 Support as Traders Eye Breakout Opportunity
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