SUI Signals Trend Reversal; Bullish Momentum Suggests $8 Price Target

The Sui ecosystem has officially passed a major milestone by accumulating more than $4 billion worth of net inflows that come from the Ethereum ecosystem. This is a major capital outflow that evidences a growing paradigm shift among investors, who are increasingly seeking alternative ecosystems on Layer 1.

Source: X

What this means is that Sui Network is very well on its way to not only being accepted in the market but also having good potential to play a pivotal role in the next market movement of the on-chain industry. This is especially true given that the network is yet to reach its peak in terms of mindshare acquisition in this market.

Also Read: SUI Price Gains Attention After 2026 Alpha Update and Rare TD Buy Signal

SUI Shows Signs Of Strong Bullish Momentum

Sui looks to be embarking on a new bullish cycle with market structure in the clear. Following the correction, market internals imply that Wave 2 of the long-term trend may be in motion, indicating a continuation of the trend as opposed to its completion. The market’s relative strength continues to improve, and higher lows also highlight the growing level of support at the $1.65 area.

Source: X

Now that momentum is gathering strength and structure is still in place, there is optimism regarding the next growth wave for SUI. A successful breakout could pave the way for a short-term move towards the $4 level, where there will be some profit taking. In the long run, provided there is enough volume and supporting market activity, there could be a long-term price increase to the $8 target.

SUI Technicals Signal Early Trend Reversal

The SUI is displaying the early stages of a trend reversal from the downtrend that had prevailed for an extended period of time. Currently, the price is trading at around $1.67, which is above the EMA 20 and the EMA 50 indicator lines. It is also notable that the market is still below the levels of the EMA 100 and the EMA 200 indicator lines at $1.99 and $2.42, respectively.

Source: TradingView

The momentum indicators are also going bullish. RSI(14) is clearly on the move to around the 61 level, which is a positive signal for buying pressure as the indicator is above the middle level. If the RSI remains above the 50 level, the likely outcome will be the breaking out to the higher resistance levels. Key resistance levels are $2.00 and $2.40-$2.45, whereas the support levels below are $1.52-$1.55.

Also Read: SUI Could Surge to $6.47 Following RWA Expansion and Bitwise ETF Filing