• SUI exploded 75%, thanks to positive market sentiment and ecosystem memecoin frenzy. 
• The $4 level was within reach, but there was an uptick in profit taking from SUI traders. 

Sui [SUI] was one of the top weekly gainers on CoinMarketCap, up 70% and second only to Official Trump [TRUMP] memecoin.

The altcoin rallied from $2.1 to $3.7 for five consecutive days, reversing nearly half of its 2025 losses. 

The altcoin peaked at $5.3 but erased the gains following Q1 headwinds. It dumped 68% and slipped below $2.

However, this week’s temporary macro relief, which lifted Bitcoin [BTC] back above $90K, fueled SUI’s breakout rally. Its ecosystem memecoin frenzy pushed the rally even higher. 

At press time, the altcoin was valued at $3.6 and about 48% away from its peak value of $5.3. On the daily chart, it decisively cleared key overhead hurdles, including the 200DMA (Daily Moving Average, blue) and $3.5. 

The next obstacle and supply zone would be $4, which doubled as a breaker block and resistance zone in late January. Additionally, the RSI hit the overbought zone and signaled potential cool-off or reversal. 

That said, potential new buying opportunities could be presented in case of a pullback to $3.5 or the 200DMA. However, a decisive dip below 200DMA would be a warning sign for bulls to avoid the market. 

That said, SUI speculators appeared to be cashing out. In the past 12 hours, Coinglass’s Exchange Netflow data showed that SUI tokens worth $27 million were moved into Binance, Coinbase, and Kraken.

This meant more SUI tokens were moved into exchanges for sell-off.  

On the liquidity heatmaps, the key zone with massive liquidity and potential price magnet was the $3.1-$3.3.

This aligned with the 200DMA on the price chart, reinforcing it as key support and a buying opportunity in case of a pullback. 

In conclusion, SUI’s 75% explosive weekly run began attracting profit-takers. Although bulls could attempt to push forward to $4, the overheated RSI signalled a potential cool-off.

The 200DMA was a key level to watch in case of retracement. 

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion