**TL;DR**

– SUI’s price formation shows a symmetrical triangle as it nears the $3.60 resistance, marked by increased trading volume and a bullish trend.
– Fibonacci analysis indicates strong support above $3.18, with essential support levels at $2.82 and $2.60.
– A boost in SUI’s rally comes from the debut of tBTC on its network and a Grayscale report lauding the team and architecture behind SUI.

**SUI Experiences Notable Weekly Performance**

Over the last week, Sui (SUI), the Sui blockchain’s native token, recorded a 20% increase. The price advanced from $2.94 to $3.24, buoyed by a trading range that demonstrated heightened activity. Currently, SUI trades at $3.52, boasting a 24-hour trading volume of $1.92 billion and an 8.7% rise in the last day.

The token’s recent upswing follows market and ecosystem advancements that have tipped the scales in favor of a bullish trend. As SUI edges closer to critical technical markers, trading volumes have surged.

Technical insights reveal SUI is consolidating within a symmetrical triangle pattern, a common sight in markets experiencing uncertainty, with narrowing price ranges. Crypto analyst Ali suggests that a sustained close above $3.60 could signal a potential breakout from this pattern.

Notably, this triangle pattern has displayed consistently higher lows since February 2025, underpinned by an ascending trendline that started around $1.92. As the price approaches the $3.60 upper resistance limit, market observers are keenly watching to see if the bullish momentum will persist or level off.

**Significant Support and Resistance Thresholds**

The current Fibonacci retracement levels align with significant areas of interest. The 0.618 level at $3.59 closely mirrors the $3.60 resistance, indicating potential sustained strength beyond this point. The 0.5 level at $3.18, which SUI has surpassed, points to an even stronger momentum.

Support is found at $2.82, at the 0.382 Fibonacci level, with additional support near $2.60. A dip below this might maintain the triangle formation, suggesting a possible continuation of sideways trading.

**Drivers of SUI’s Recent Surge**

The recent increase in SUI’s value is linked to noteworthy developments within its ecosystem. The implementation of Threshold Network’s tBTC on the Sui blockchain has infused the network with bitcoin liquidity, potentially adding over $500 million in BTC value.

Furthermore, a Grayscale report underscored the Sui blockchain’s architecture and development team, originally from Facebook, highlighting its strategic focus on technology and scalability as a major advantage.

Tweet this: 🚀 SUI’s momentum continues as it targets a $3.60 breakout, backed by tBTC’s launch and high praise from Grayscale. Will this bullish trend hold? #SUI #Blockchain #CryptoNews