SUI Remains Below $1.30, But a Breakout Above $2.55 is Still Feasible

SUI Remains Below $1.30, But a Breakout Above $2.55 is Still Feasible – Here’s How

SUI is currently experiencing compression below the $1.30 mark, a situation that has historically led to significant price movements. With a bullish momentum building on lower timeframes, traders are closely monitoring whether SUI can break through this crucial resistance level. Additionally, the cryptocurrency has formed a bullish pennant on its weekly chart, targeting $2.55 for a potential breakout that could lead to further gains.

Key Takeaways:

Current Price Action: SUI is compressing below $1.30, a pivotal resistance level.
Bullish Momentum: The daily MACD has crossed bullish, indicating potential upward movement.
Price Targets: A decisive break above $2.55 could lead to a new all-time high.
Trading Volume: SUI's trading volume surpassed $770 billion, demonstrating strong market activity.
Liquidity Growth: Total Value Locked has increased, indicating genuine demand in the market.

SUI Remains Below $1.30, But a Breakout Above $2.55 is Still Feasible – Here’s How

Will SUI’s Daily Momentum Push Past $1.30?

The daily timeframe has shown that extended sideways trading often leads to aggressive price expansions. Previous instances of compression for SUI resulted in notable rallies of 107%, 63%, and 44%. This current situation feels reminiscent of those past patterns rather than being coincidental.

As momentum builds, the MACD’s bullish crossover coupled with rising prices signifies strong buying pressure at the $1.30 resistance point. A failure to breach this level could hinder further gains. However, buying interest remains strong just below resistance, making the $1.30 mark both a technical and psychological threshold for traders.

Weekly Pennant Formation Points to a $2.55 Breakout

On the weekly chart, SUI has developed a classic bullish pennant pattern, indicating solid ascending support that has been consistently tested and respected. The next pivotal moment is the test of the descending trendline near $2.55. A successful break above this price could negate the broader compression theme.

Should SUI manage to clear the $2.55 resistance, all eyes will turn towards the prior all-time high of $5.36. If this level is broken, it opens the door for price discovery, where previous resistance levels no longer apply. Additionally, a bullish crossover on the higher timeframe MACD signals that momentum is building beneath the market price.

Strong Trading Volume Favors a Bullish Outlook

As of late February 2026, SUI has achieved a cumulative trading volume exceeding $770 billion, according to data from DeFiLlama.

Weekly trading volumes approached $5.9 billion with daily activity hitting nearly $1 billion. This performance positions SUI ahead of other cryptocurrencies like TRON [TRX] and Cardano [ADA] during early 2026. Notably, Total Value Locked (TVL) surged to $569 million, with daily DEX volumes nearing $98 million. This shows that liquidity and participation are growing hand in hand with price compression. Despite ongoing volatility, sustained accumulation indicates real demand rather than just speculative trading.

Conclusion

While SUI's price consolidation below $1.30 is a point of concern, the underlying market dynamics and bullish patterns suggest that a breakout is still possible. With increasing trading volume and healthy accumulation, traders are eager to see how the situation unfolds.