Sui (SUI) has finally broken above a key bullish flag resistance after a record-long consolidation phase that began on May 10. The breakout comes as a significant technical shift for the altcoin, validating the bullish structure closely watched by traders and investors. With a 6% daily surge at press time, SUI’s short-term bullish momentum has been confirmed. The breakout is especially notable given the mixed momentum across the broader crypto market, where many altcoins remain range-bound. SUI’s ability to rise above resistance in such an environment lends credibility to its current price action and opens the door for a potential move toward the $4 mark.

Buyers Take the Wheel as Demand Surges

Adding further support to the bullish narrative, CryptoQuant data analyzed by AMBCrypto revealed a strong spike in the 90-day cumulative volume delta (CVD), indicating aggressive buyer activity in the spot market. This metric suggests that demand is currently outpacing sell pressure, a dynamic often preceding significant price movements.

The alignment of a technical breakout with growing buyer interest suggests that the upward momentum could continue, provided current conditions persist. While the $4 psychological resistance remains a key target, sustained demand could help SUI breach that level in the near term.

Cooling Spot Volume Sparks Short-Term Caution

Despite the breakout and rising demand, caution may still be warranted. A look at SUI’s spot volume bubble map indicates a potential cooling of market activity. While buyers remain dominant, the drop in spot volumes signals reduced conviction among traders, potentially undermining the momentum needed to push higher.

Also Read: Canary Capital’s SUI ETF Filing Sparks 3% Price Surge Amid Bullish Outlook

This divergence between strong CVD and weakening volume may suggest a need for a new catalyst to maintain upward pressure. In the short term, a retest of the breakout zone remains possible before any further significant move. As SUI consolidates its position, the next few sessions will be critical in determining whether bulls can sustain control or if the rally loses steam.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of CoinBrief.io. Before making any investment decisions, you should always conduct your own research. Coin Brief is not responsible for any financial losses.