SUI Price Prediction: $50M Buyback and Golden Cross Lift Bullish Outlook
Crypto analyst Lennaert Snyder has outlined a bullish case for SUI, with technicals improving after weeks of consolidation...
Quick overview
- Crypto analyst Lennaert Snyder presents a bullish outlook for SUI, highlighting key breakout levels at $3.76, $4.00, and $4.36.
- SUI Group Holdings Limited's $50 million share buyback reinforces confidence in the blockchain business and supports the bullish narrative.
- Technical indicators show a strong upward momentum for SUI, with a golden cross and bullish price patterns suggesting potential for significant gains.
- Traders are advised to consider long entries above $3.73, with initial targets set at $3.99 and higher if momentum continues.
Crypto analyst Lennaert Snyder has outlined a bullish case for SUI, with technicals improving after weeks of consolidation. His analysis pointed to an initial breakout level at $3.76, then $4.00 and $4.36 if momentum continues. At $3.81 currently, he noted that closes above $3.83 could open up even higher levels, with $4.84 as the extended target.
Snyder said SUI is a long trade, with minor pullbacks being better entries for traders. He also noted the cup-and-handle pattern emerging, a formation that historically means long term rallies in digital assets. This means while short term consolidations may happen, the underlying momentum is supportive of a bigger move.
Corporate Buyback Adds to the Bull Case
This bullish narrative is backed up by SUI Group Holdings Limited, formerly Mill City Ventures, announcing a $50 million share buyback to back up shareholder value and show confidence in their blockchain business. This follows a $2 million buyback in September where 318,000 shares were bought at $4.30.
$SUI just printed a clean breakout from a falling wedge
Volume + Open Interest are climbing into strength
Liquidity delta just turned positive by $172.7K
But here’s the real signalNo pullback in sight yet…
The breakout move is clear
Price cleared structure with confirmation… pic.twitter.com/xVtaYHFTT0— eye zen hour 🥶 (@eyezenhour) September 12, 2025
Chairman Marius Barnett said the move shows management is confident in SUI’s growth. The company has also been accumulating token reserves, adding 20 million SUI tokens on September 3, bringing total holdings to 101.79 million tokens valued at $379 million. Institutional partners like Galaxy Digital have also increased their involvement, with a $450 million treasury program boosting market confidence.
Solana (SOL/USD) Technicals Suggest Breakout
From a technical standpoint SUI has had a great bounce, now at $3.81 after breaking out of a rising channel. The 50-EMA at $3.54 has crossed above the 200-EMA at $3.51, a golden cross which is a medium term momentum shift. Price action is showing higher lows and strong follow through candles like a “three white soldiers” pattern, means buyer is in control.Momentum indicators also support the bullish view. RSI is at 70, touching overbought but not exhausted.
Historically RSI at 70 during breakouts means underlying strength not reversal. Next resistance is at $3.99 and $4.14, a clean breakout to $4.40. On the downside support is at $3.56 and $3.43, as long as above these levels the structure remains bullish.
For traders a long entry above $3.73 with stop under $3.54 is a good risk reward setup. Initial target is $3.99, then $4.10-$4.40 if momentum continues. With corporate backing, institutional interest and bullish chart structure all lining up SUI may be gearing up for a breakout that will make it one of the top performers in the altcoin space this quarter.
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