After its breakout, SUI has been consolidating within a key range and has faced momentary resistance above the $4.00 level. Some analysts suggest that the cryptocurrency\u2019s next target sits near the $5.00 mark, as it could be repeating its all-time high (ATH) rally.<\/p>\n
SUI has seen an impressive 120% recovery from April\u2019s $1.76 low, reclaiming<\/a> the $2.00 and $3.00 barriers in the past few weeks. The cryptocurrency has surged 85% in the last month despite its recent token unlock, rallying to a fourth-month high of $4.29 last Monday.<\/p>\n However, SUI has retraced 10% from last week\u2019s high, hovering between the $3.60-$4.10 price range. Trader Froggy pointed out that the cryptocurrency is approaching the significant $4.00 resistance<\/a>, which it has been unable to hold for seven days.<\/p>\n Breaking above this level \u201cwill set the stage for a strong move up,\u201d he explained, adding, \u201cThis could be the trigger that breaks the range and opens up the next leg higher.\u201d<\/p>\n Meanwhile, Rekt Capital recently highlighted<\/a> that SUI has built a re-accumulation range, between $3.39 and $3.78, like it did in late 2024.<\/p>\n At the time, the cryptocurrency consolidated around this range\u2019s upper boundary for weeks before Weekly Closing above this level and retesting it as support to confirm a breakout towards a new ATH.<\/p>\n This time, SUI closed above the $3.78 mark two weeks ago and confirmed it as support last Sunday after closing the week at $3.94, which could suggest that a breakout to a new high is coming.<\/p>\n Sjuul from AltCryptoGems considers<\/a> that SUI\u2019s consolidation is loading the cryptocurrency\u2019s next leg up, resembling its previous performance. According to the analyst, the altcoin is consolidating within a short-term bull flag and preparing for a breakout, like it did twice in the past month.<\/p>\nSUI\u2019s Rally To $5.00 Loading?<\/h2>\n