SUI Targets $5 Amid Altcoin Season Buzz

- SUI eyes a bullish breakout as it challenges resistance at $4.30. - Technical signals, including the 50-day SMA and inverse head-and-shoulders pattern, bolster optimism for further gains. SUI, a cryptocurrency building upward momentum during the current altcoin season, shows price action and technical indicators that hint at a potential rally toward the $5 mark. On July 17, 2025, Cointelegraph reported that surging investor interest in altcoins positions SUI as a standout contender. On July 10, 2025, SUI sparked bullish sentiment by surpassing its 50-day simple moving average (SMA) at $3.10 and now faces a significant hurdle at the $4.30 resistance level. Support zones lie at $3.81 and the 20-day exponential moving average (EMA) of $3.37. A rebound from the EMA could fuel another push to break the $4.30 threshold and propel the price toward key targets of $5 and $5.37. A closer look at the 4-hour chart reveals a completed bullish inverse head-and-shoulders pattern, which SUI confirmed by closing above $3.55. Although the coin met resistance near $4.10, a bounce from the 20-EMA shows that market sentiment remains positive. However, a drop below the $3.55 breakout level could signal renewed selling pressure and drive the price down to $3.30 or lower. According to CoinMarketCap on July 17, Sui (SUI) traded at $3.999 as of 21:09 UTC. This price reflects a 0.838% dip over the last 24 hours; however, a 24-hour trading volume increase of 8.802% underscores active market participation during this altcoin season.