SUI, a prominent layer-1 cryptocurrency, has been gaining considerable momentum after bouncing off local lows around $2.5. This upward movement signals a healthy accumulation phase with decreasing volatility, and the price has been steadily making higher lows since the recent bottom. Given the current price action and increasing volume, SUI could be on the verge of a 25% upswing, potentially reaching the $3.3 level in the near future.

Price Surge and Momentum

Since rebounding from the $2.5 range, SUI has experienced a significant surge in price, climbing 6% to 7% over the past few days. This rise has allowed the token to surpass some established players in the market, including Shiba Inu and Hedera, positioning it as one of the top layer-1 cryptocurrencies. This bullish movement is seen as part of the early stages of a potential rally, which could lead to new all-time highs (ATH) in the near future, especially as we move towards the end of the first quarter of 2025.

The rally is seen as an indication of strong investor confidence in SUI’s ecosystem. As the token gains momentum, it is expected to continue rising, with predictions of a 25% price increase that would see SUI surpass the $3 level in the short term. For investors, this surge represents a compelling buying opportunity, especially after the token endured a significant retest and showed resilience during this consolidation phase.

Bullish Technical Indicators

A key factor in this price movement is the recent technical pattern that SUI has formed. After plunging from previous highs, SUI consolidated within a falling wedge pattern. This pattern has now been broken, and the price has started moving above the wedge’s resistance line, a bullish sign that suggests further price increases could be on the horizon.

Furthermore, technical indicators like the Relative Strength Index (RSI) show that momentum is building. The RSI has been on the rise, indicating that the market sentiment is growing more positive for SUI. Additionally, the Directional Movement Index (DMI) has undergone a bullish crossover, another indicator that suggests a potential for continued upside. However, despite these positive signals, the Average Directional Index (ADX) remains low, suggesting that the rally might not have reached its full strength yet and could experience some consolidation around current resistance levels.

Resistance Levels and Consolidation

Currently, SUI is encountering resistance in the $2.8 to $2.85 range. While the price is holding steady above these levels, it may face challenges breaking through these zones unless strong buying volume comes in. If the market volume increases and there’s greater demand for the token, SUI could break above these resistance levels, paving the way for the price to continue its rally towards $3.3.

At the moment, the token remains in a consolidation phase, and its ability to break through the $2.8 to $2.85 resistance will determine if the current rally has legs to push toward the $3 target. A failure to break these resistance levels could cause the price to consolidate further within the range before another push upwards.

Market Catalysts and Future Outlook

The price surge in SUI is supported by the increasing liquidity flowing into the platform, which has helped to drive the price higher. Additionally, the broader market interest in the SUI blockchain is contributing to the price momentum. The combination of strong technical patterns, bullish indicators, and growing interest in SUI’s ecosystem suggests that the token is on track for more substantial gains.

As we approach the second quarter of 2025, there is a strong possibility that SUI will reach new ATHs. With its current trajectory and ongoing accumulation, the token is poised for significant growth in the upcoming bull cycle. In fact, some experts are predicting that SUI could experience a 100x rally as it continues to gain market traction.

Conclusion

SUI is currently breaking out of a consolidation phase, with a significant rally ahead. If the price breaks through key resistance levels between $2.8 and $2.85, the token is expected to rise above $3 in the short term. The continued bullish momentum, along with increasing market interest, positions SUI for a potential 25% upswing. Investors should keep a close eye on the $2.8 to $2.85 resistance zone, as a breakout above this range could signal the beginning of a more sustained rally. With positive technical indicators and a strong ecosystem behind it, SUI is one to watch in the coming weeks as it could achieve new all-time highs in the upcoming bull cycle.