Will SUI Price Hit $7 Next As Key Indicators Flash Strong Bullish Continuation?

Key Insights:

• SUI broke above the $3.5 Kumo cloud and Kijun line, signaling a strong bullish trend continuation.
• Key support now lies between $2.8–$3.5, with demand expected at the Fair Value Gap and Kumo cloud zones.
• Fibonacci extensions point to bullish targets at $5.00, $5.90, and $7.80, aligning with prior supply zones.

SUI price has recently exhibited several strong technical signals that point toward a continued upward trajectory. Following a decisive move above the $3.5 level, the altcoin broke through the Ichimoku Kumo cloud and the flat Kijun line. This breakout is a signal of trend continuation in the bullish direction.

A strong candle close above these indicators further validated the strength of the move, with traders now watching for potential higher targets.

The momentum has continued as SUI price climbed past the $4.00 level, suggesting buyer confidence and reinforcing the asset’s bullish structure. As it stands, SUI is trading above key support zones, with investors observing whether the next price target near $4.40 will be achieved.

With multiple technical indicators pointing to a continuation pattern, the prospect of reaching the $7.00 range is now under scrutiny.

SUI Price Technical Breakout Above $3.5

SUI price breakout above the $3.5 level marked an important event from a technical standpoint. The move saw the token push beyond the flat Kijun line and the Ichimoku Kumo cloud, two indicators in trend-following strategies.

A close above these resistance levels often suggests that the previous trend has reversed or is continuing with renewed momentum.

More so, the area between $2.8 and $3.5 is now viewed as a demand zone. This range contains the Fair Value Gap (FVG) and the lower boundary of the Kumo cloud, both of which are potential areas for price to find support. The previous resistance around these levels is now acting as support, further boosting the bullish argument.

Volume Profile and Fibonacci Projections Outline Higher Targets

The current SUI price structure aligns with key Fibonacci extension levels, offering a technical roadmap for future upside targets. Based on the extension calculations, $5.00 is the first major target, followed by $5.90 at the 0.5 level and $7.80 at the 0.618 level.

These projections also correspond with historical supply zones, areas where sellers have previously been active. The alignment of Fibonacci targets with prior resistance levels adds credibility to their validity as future price targets.

Volume profile analysis also supports the ongoing upward momentum. The initial move from the $2.42 consolidation zone, described by some analysts as a key accumulation phase, demonstrated high volume and sustained bullish behavior.

Meanwhile, the SUI price has outperformed the crypto market, recording an 85.46% increase in market capitalization over the past 30 days, according to data from April 9 to May 8, 2025.

This surge places SUI well ahead of other notable performers such as HYPE, which rose by 70.48%, and SEI, which gained 54.35% during the same period.

Inverse Head and Shoulders and $4.00 Breakout

Additionally, an inverse head and shoulders pattern was earlier identified on the SUI price chart, serving as a classic reversal formation. The breakout above the neckline of this pattern, followed by a consolidation phase near $2.50, confirmed the validity of the setup.

Analysts noted that the consolidation was an accumulation zone, where strong buyers entered the market ahead of a major upward move. The breakout from this area launched the altcoin toward $3.81, completing a technically sound bullish breakout.

The next development came with a correction phase in late April through early May. This pullback was controlled, with SUI maintaining higher lows throughout. Support held above $2.90, a level that previously served as resistance, has now flipped into a key support area.

SUI then broke through the $4.00 level with a move, hitting $4.0008 before dropping slightly below the mark. If the top altcoin continues to hold, the next price target at $4.40 may be within reach.