SUI Price Target: Can Bulls Push It to $5?
Key Takeaways
- SUI is approaching $5 after a consistent month-long rally.
- The Relative Strength Index (RSI) indicates the asset is entering oversold territory.
- Liquidation clusters around $4.4–$4.6 could trigger a short squeeze, potentially driving prices higher.
Sui [SUI] has been quietly outperforming many other altcoins recently. Following a month of steady gains, the altcoin is now nearing the key price level of $5—a milestone that may soon be within reach.
On the daily chart, SUI is gaining momentum after sweeping the liquidity around the $4.2 supply zone.
The momentum does not seem to be fading soon. Sui’s Relative Strength Index (RSI) is hovering in oversold territory, suggesting a potential reversal and upward movement.
Derivatives Positioning Hints at a Bullish Rally
In the derivatives market, bulls remain in control. At the time of writing, the Long/Short Ratio stood at 51%.
This suggests that investors in long positions are still dominant, reinforcing confidence in the anticipated bullish run.
Liquidation heatmap data from CoinGlass further supports the accumulating momentum. The data indicates a concentration of stop-losses and liquidation clusters around the $4.4 price level.
If SUI pushes into that zone, a cascade of forced buybacks could be triggered, a move that often leads to short squeezes and rapid price increases.
Is $5 a Done Deal?
While nothing is guaranteed in crypto, the signs are mounting.
With a price structure leaning bullish, bullish leverage, and key liquidity pools overhead, SUI appears technically poised for a run. The bullish bias is winning against all odds.
For now, investors and traders should monitor the $4.5 to $4.6 price range closely.
A clear breakout above that level could unlock momentum, potentially pushing the token to $5 or even beyond, possibly setting a new all-time high.
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