The SUI is approaching a critical smart currency area, with price action indicating that a major move is imminent. A steady trade above $2 may initiate a Get outsetting the stage for the next important leg up.
SUI Reaches Major Inflow Stage
Crypto analyst Patel, recently postedhighlighted that SUI is in the same phase where capital usually enters the market, urging traders not to miss this opportunity. According to the weekly chart, the long-term ascending channel remains intact, and the price is currently trading close to the sell-side margin near the trendline support, which signals strength. accumulation.
Related Reading: SUI Seeks Key Support Again With Strength – Is $2.35 The Next Target?
The chart also shows strong weekly demand and a bullish order block between $1.15 and $0.80, indicating that the market The structure is ready to turn super bullish if the SUI clears the upper period resistance. The current compression phase is a typical expansion setup, which means the market is preparing for a potential breakout.
Crypto Patel emphasized that smart money tends to buy during pressure, while selling tends to come in after the move is confirmed. If the breakout is confirmed, SUI’s target levels are $5, $10, and $20, indicating possible next trend scale. As Crypto Patel puts it, “This is how big trends are built, slowly, then suddenly. Liquidity is removed, demand is activated, and patience is rewarded.”
The price trades around $1.28
Altcoinpedia explained that SUI is currently trading around $1.28, which serves as a benchmark for near-term market analysis. Price structure it shows continued consolidation above support near $1.50, while resistance is seen around $2.00. This setup shows a tightening range as buyers and sellers balance, suggesting that a decisive move may be imminent.
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A price increase within this range highlights that continued volume expansion above $2.00 could drive the next leg of the trend toward $2.50. On the other hand, failure to break this resistance, especially with reduced volume, increases the chances of a retest of the support at $1.50. If that level fails to hold, the price could drop to $1.20.
Momentum currently resides in a neutral zone, indicating indecision in the market. In a bullish scenario, a clean break above $2.00, confirmed by momentum indicators, would indicate a continuation of the trend. On the other hand, a breach of support under heavy volume can accelerate selling pressure and confirm a bearish position.
Traders are advised to use key range limits for entry and exit, to manage risk at both support and resistance levels. For long-term investors, it is wise to wait for a significant breakout from the current consolidation, which can provide a clear signal of the direction of the trend and reduce the risk of false movements within the medium range.
Featured image from Medium, chart from Tradingview.com
