After its correction, SUI shows very encouraging technical signals. Find our complete analysis and current technical outlook.
In brief
- Technical analysis: SUI consolidates after a strong rise. The trend remains bullish in the medium and long term, with a renewed momentum.
- Key levels: Maintaining above $3 confirms a bullish bias. Resistances at $3.87 and $4.30; supports between $3.12 and $1.87.
- Derivatives analysis: Open interest is rising while the CVD declines, signaling absorption of sell orders. Balanced liquidations, no clear market bias.
- Forecasts: Bullish bias above $3.12 with targets around $4.30. Below, risk of a pullback to $2. Macro context to watch.
SUI Technical analysis
| Indicator | Status | Comment |
| Spot price | ≈ $3.65 | SUI stabilizes, moving in a consolidation phase after a previous rise. |
| Latest weekly changes | – 8% | SUI records a decline, contrasting with the 70% rise recorded the previous week. |
| Latest weekly spot volumes | ≈ $2.9B (-44%) | Spot market activity shows a clear slowdown, reflecting increased caution from investors. |
| Long-term trend (SMA 200) | Bullish | Bullish structure supporting a positive long-term bias. |
| Medium-term trend (SMA 50) | Bullish | Resumption of bullishness after a correction phase. |
| Short-term trend (SMA 20) | Neutral | The trend is neutral but recently suggests a bullish resumption. |
| Momentum | Neutral | Neutral momentum, contrasting with its previous rebound as indicated by oscillators. |
SUI stabilizes around $3.65, in a consolidation phase after a previous bullish impulse. Over the week, the asset shows an 8% decline, contrasting with the 70% rise recorded the previous week. Weekly spot volumes drop by 44% to $2.9B, signaling a clear decrease in activity and marked caution from operators.
Moving averages indicate a bullish trend in the long (SMA 200) and medium term (SMA 50), supporting a positive structure. In the short term (SMA 20), the trend is neutral but shows signs of recovery. Momentum remains neutral, contrasting with the previous rise, but with an emerging rebound detected both by oscillators and the SUI price.
Technical levels of SUI
| Indicator | Status | Comment |
| Resistance | $3.87 / $4.30 / $5.1 – $5.36 (ATH) | Critical zones, potential distribution thresholds. |
| Support | $3.12 / $2.8 / $2 / $1.87 | Major defense levels, likely accumulation zones. |
| Last daily breakout | $2.8 | Resistance breached; strengthening bullish bias. |
| Monthly pivot point | $3 | Reference level for the month’s trend below price. |
| High value area | $3.23 | High volume area; upper bound of a market balance, beyond which an imbalance may emerge. |
| Low value area | $1.74 | High volume area; lower bound of a market balance, beyond which an imbalance may emerge. |
SUI trades above its monthly pivot point at $3, reinforcing a bullish bias confirmed by the breakout of $2.8. Resistances at $3.87, $4.3, and up to the ATH at $5.36 represent key distribution thresholds. Supports between $3.12 and $1.8 constitute major accumulation zones. The high value area at $3.23 marks a balance boundary, beyond which a bullish imbalance could trigger, while the low value area at $1.74 plays this role on the downside.
The current technical analysis was carried out in collaboration with Elyfe, and 0xhugzer, investors and educators in the cryptocurrency market.
Derivatives analysis (SUI/USDT)
| Indicator | Status | Comment |
| Open interest | Rising | Open interest has significantly increased before stabilizing, which is a clear signal of renewed speculative commitment. |
| CVD | Seller absorption | The CVD declines, but price remains stable, indicating buying resistance against selling pressure. |
| Liquidation | Moderate, balanced | Liquidations are significant on both sides with no clear dominance, indicating a volatile but overall balanced market. |
| Funding rate | neutral | Stable funding: no imbalance between buyers and sellers. |
The market shows signs of increasing activity, with renewed speculative engagement reflected by rising open interest. The declining CVD without price drop suggests seller pressure absorbed by passive buyers. Liquidations remain marked but balanced between both camps. Finally, the stable funding rate reflects no clear directional bias among leveraged traders.
| Indicator | Status | Comment |
| Seller liquidation zone | ≈ $3.77 – $3.83 / $3.92 | Order concentration zone; reaching these levels could lead to volatility acceleration. |
| Buyer liquidation zone | ≈ $3.00 / $2.90 / $2.01 – $1.99 | Order concentration zone; reaching these levels could lead to volatility acceleration. |
Seller liquidation zones are identified between $3.77 to $3.83 and around $3.92, representing liquidity pockets that could trigger a bullish acceleration if reached. On the downside, buyer liquidation zones are around $3.00, $2.90, and between $2.01 and $1.99, which could also cause increased volatility if triggered.
Forecasts for SUI price
Bullish scenario:
- Conditions: Maintains above $3.12.
- Targets: $3.86 / $4.30 / $5.12 / $5.35 (ATH).
- Potential: Around +45% from current level.
Bearish scenario:
- Conditions: Break of support at $3.12.
- Targets: $2.8 / $2 / $1.87.
- Potential: Decline up to -50%.
Comment:
The bias on SUI remains bullish as long as its price stays above support. The upcoming economic releases, especially those related to inflation in the United States, could mark a decisive turning point and condition the validation of this scenario.
Conclusion
SUI shows signs of stabilization after a strong rise, despite a slight recent pullback. The trend remains overall positive, with a potential recovery if the current support holds. However, the market remains cautious, and the evolution will also depend on the upcoming macroeconomic context. In this context, it will be essential to closely monitor price reactions at strategic levels to confirm or adjust current forecasts.
Finally, let us remind you that these analyses are based solely on technical criteria, and that cryptocurrency prices can move rapidly depending on other more fundamental factors.
Did you find this analysis interesting? Check out our latest XRP analysis.
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Spécialiste en analyse technique, Elyfe décrypte les tendances graphiques des marchés des cryptomonnaies avec une approche rigoureuse et en constante évolution. À travers ses analyses détaillées, il apporte un regard éclairé sur la dynamique des prix, aidant les investisseurs et passionnés à mieux comprendre et anticiper les mouvements du marché.
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