SUI Price Jumps to $3.9 With Golden Crossover, Eyes $6 All-Time High

SUI price reaches $3.90 after 9% intraday gain. Golden crossover between 50-day and 200-day EMAs signals bullish trend. Network surpasses 10 billion total transactions with $1.729 billion TVL. SUI has jumped into a strong recovery phase amid a broader market rebound for altcoins. Currently trading at $3.90, the token has recorded an 8% intraday gain as technical indicators align for a potential push toward its all-time high of $6. The bounce-back coincides with a golden crossover on the price chart, fueling optimism among bulls who anticipate a sustained rally in the coming weeks. This technical development comes after a period of consolidation that has kept SUI’s price action relatively contained. Strong technical recovery taking shape SUI’s current recovery began at the 23.60% Fibonacci level ($3.30), where buyers stepped in to halt the recent downtrend. After weeks of indecisive price movement, the broader market upswing has provided the catalyst needed to push SUI higher. A bullish engulfing candle has formed on the daily chart, confirming the positive reversal from the $3.30 support zone. The golden cross between the 50-day and 200-day exponential moving averages (EMAs) reinforces this bullish outlook, typically signaling the start of a longer-term uptrend. Technical analysis suggests an imminent bullish crossover between the 50-day and 100-day EMA lines, which would establish complete positive alignment across major moving averages. The Chaikin Money Flow Index currently sits at 0.21, indicating strong capital inflows into SUI, with room to grow toward its previous high near 0.40. Based on trend-based Fibonacci projections, SUI faces immediate resistance at the level around $4.63. Should buyers maintain control, the retracement pattern points to a potential test of the $6 all-time high in the coming weeks. Downside protection appears strong with key support established at the 200-day EMA ($2.84) and psychological support at the $2 level. This support structure provides a foundation for the current rally to build upon. While price action captures trader attention, SUI’s network metrics show equally compelling growth. According to SUIScan data, the blockchain has now processed over 10 billion total transactions, marking a major milestone for the ecosystem. The network’s total value locked (TVL) has reached $1.729 billion, approaching its previous high near $2 billion. This metric represents the amount of assets committed to SUI’s decentralized finance protocols, indicating growing user adoption and confidence. Account growth continues unabated, with the total number now exceeding 180 million, further validating the network’s expanding user base. Source: https://thenewscrypto.com/sui-price-jumps-to-3-9-with-golden-crossover-eyes-6-all-time-high/