SUI Breaks Out of Bullish Flag, Eyes $4.80
Sui (SUI), one of the standout performers of July 2025, is showing renewed bullish momentum after breaking out of a bullish flag pattern on the daily chart. The technical formation, which developed after SUI’s rally earlier in the month, has now resolved to the upside. This signals a potential continuation of the uptrend, with $4.80 identified as the next major resistance level.
Crypto analyst Carl Moon shared the setup in a tweet on July 26, using a TradingView chart based on Bybit’s SUI/USDT pair. The analysis highlights a descending channel—commonly interpreted as a consolidation phase following a strong move up—which SUI has now broken above.
“$SUI is about to pump if it breaks out of this bullish flag to the upside!” tweeted Carl Moon, projecting a price target of $4.80.
Volume Surges as Price Gains Over 9%
SUI’s bullish momentum is supported by a sharp uptick in trading volume, which hit $1.75 billion over the last 24 hours. This marks a significant rise in market participation and indicates growing investor interest. The token has gained 9.35% in the same period, reflecting strong buying pressure.
Breakouts accompanied by rising volume are generally considered more reliable in technical analysis, suggesting the move is not a false signal but the beginning of a sustained rally.
Technical Indicators Support the Move
Momentum indicators further validate the bullish case for SUI. The Relative Strength Index (RSI) currently sits at 62.95—comfortably below the overbought threshold of 70. This suggests there is still room for upward movement before the asset becomes technically overheated.
Meanwhile, the Moving Average Convergence Divergence (MACD) has crossed into bullish territory. The histogram is widening, and the MACD line remains above the signal line, confirming growing positive momentum in price action.
These conditions make a continuation toward the $4.80 resistance zone more plausible, especially if Bitcoin and other majors remain stable.
Chart Setup Reflects Healthy Market Structure
The bullish flag formation observed from early June through late July reflects a classic consolidation pattern after a strong upward impulse. In this case, SUI rallied earlier in the month, paused to cool off within the descending channel, and is now poised for the next leg up.
According to Carl Moon’s chart, a breakout from this pattern suggests an approximate 19.28% upside from the breakout point to the $4.80 target. The flag’s pole length, projected from the point of breakout, aligns with this resistance zone, reinforcing the technical case.
$4.80 as Psychological and Technical Resistance
The $4.80 level serves as both a psychological barrier and a technical resistance zone. Historically, round numbers tend to act as natural resistance or support levels in crypto markets due to trader behavior and automated order clustering. In SUI’s case, $4.80 also coincides with previous intraday highs, further validating its significance.
If bulls manage to push through this level, the path could open toward the $5.25–$5.50 zone in the coming weeks. However, rejection at this point could result in a temporary pullback to retest the breakout zone around $4.00–$4.10.
Whale Interest and Exchange Promotions Fuel Sentiment
The bullish sentiment around SUI is further fueled by active promotions from leading crypto exchanges like WEEX. In his tweet, Carl Moon highlighted WEEX’s promotional rewards, including a 20% deposit bonus and VIP fee discounts for high-volume traders. These incentives may be drawing increased whale interest, especially with no KYC requirements, making access easier for large international participants.
This rising on-chain activity from larger holders, paired with a favorable technical setup, increases the chances of sustained upward movement.
Can SUI Break Through $5?
With strong technical confirmation, rising volume, favorable momentum indicators, and renewed market attention, SUI appears well-positioned for a move toward $4.80 and potentially beyond. However, caution is warranted at major resistance levels, where price volatility typically increases. A confirmed break and close above $4.80 on the daily chart would be a strong bullish signal, likely triggering another round of speculative buying.
As always in crypto, rapid price action can cut both ways—traders should monitor momentum shifts closely and use risk management tools as volatility remains elevated heading into August.
