SUI Technical Analysis Suggests Another 13-20% Gains

SUI/USDT is nearing $4.24, the breakout target of its prevailing falling wedge pattern discussed in FXEmpire’s analysis last week. As of April 28, the target was about 13.75% up from the current price levels of $3.73.
Looking broadly, SUI has flipped the critical 1.618 Fibonacci extension level (~$3.01) into support during the ongoing rally. It is now targeting the 2.618 Fib line at approximately $4.64.
SUI/USDT weekly price chart
SUI/USDT three-day price chart. Source: TradingView
This zone lines up closely with prior psychological resistances.
The Relative Strength Index (RSI) has surged above 60, indicating strengthening bullish momentum that has not yet been overbought. Also, SUI is trading well above its 50-3D EMA and 200-3D EMA, which are now curving upward, a classic signal of trend reversal and continuation.
If momentum persists, a move toward the $4.64 target could materialize in the coming days or weeks.
However, short-term pullbacks toward the $3.40–$3.20 region (recent breakout zones) could occur before the next leg higher, offering potential reaccumulation opportunities.