SUI is nearing an important smart money zone, and price action suggests a big move could be on the horizon. If the transaction continues to exceed $2, happensetting the stage higher for the next critical leg.
SUI reaches the stage of large-scale capital entry
Cryptocurrency analyst Krypto Patel recently said, postemphasized that SUI is usually at the same stage when big money enters the market and urged traders not to miss this opportunity. According to the weekly chart, the long-term ascending channel remains intact and the price is currently trading near trendline support and near sell-side liquidity acquisition, indicating potential. accumulation.
Related article: SUI strongly regains key support — next target at $2.35?
The chart also shows strong weekly demand and a bullish order block between $1.15 and $0.80. market If SUI clears the higher timeframe resistance, the structure is poised to become super bullish. The current compression phase is a typical setup for expansion, meaning the market is preparing for a potential breakout.
Krypto Patel emphasized that while smart money tends to buy during compressions, retailers often jump in after seeing movement. If the breakout is confirmed, the predicted targets for SUI are $5, $10, and $20. potential The size of the next trend. Krypto Patel says, “This is how a big trend builds, slowly and then suddenly. Liquidity is removed, demand is active, and patience is rewarded.”
Transaction price is around $1.28
Altcoinpedia outlined SUI is currently trading around $1.28, which serves as the anchor for short-term market analysis. price structure indicates continued consolidation above support near $1.50, but resistance is visible near $2.00. This setup reflects a narrowing range as buyers and sellers become unbalanced, suggesting a decisive move may be on the way.
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Price movement within this range highlights that if volume continues to expand above $2.00, the next stage of the trend could be towards $2.50. Conversely, failure to break through this resistance increases the likelihood of a retest of the $1.50 support, especially if volume is contracting. If this level is not sustained, the price could fall further towards $1.20.
Momentum is currently neutral, reflecting market indecision. in bullish In our scenario, a clean break above $2.00 would signal a trend continuation, as confirmed by momentum indicators. On the downside, a break above support on heavy volume could accelerate selling pressure and confirm the bearish scenario.
Traders are advised to use key range boundaries for entry and exit to manage the risk of both support and resistance levels. For long-term investors, it would be wise to wait for a definitive breakout from the current consolidation. This will give you a clear signal of the direction of the trend and reduce the risk of false moves within the neutral range.
Featured image from Medium, chart from Tradingview.com
