SUI is approaching a critical smart money zone, with price action indicating big moves could be on the horizon. Continued trading above $2 could lead to a outbreakpaving the way for the next important stage higher.
SUI reaches major cash inflow stage
Crypto analyst Crypto Patel, in a recent afterstressed that SUI is at the same stage when big money usually 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 a sell-side liquidity hold close to trendline support, indicating potential accumulation.
Related Reading: SUI Strongly Reclaims Key Support – 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 poised to turn super bullish if SUI clears resistance on a higher time frame. The current compression phase is a classic set-up for expansion, meaning the market is preparing for a possible breakout.
Crypto Patel emphasized that smart money tends to buy during compression, while retail often comes in after confirmation of the move. If the outbreak confirms, the expected targets for SUI are $5, $10 and $20, which is the potential scale of the next trend. As Crypto Patel puts it, “This is how big trends are built, slowly and then suddenly. Liquidity is freed, demand is active and patience is rewarded.”
Price trading around $1.28
Altcoinpedia outlined that SUI is currently trading around $1.28, which serves as an anchor for short-term market analysis. The price structure indicates continued consolidation above support around $1.50, while resistance is seen around $2.00. This setup reflects a tightening range as buyers and sellers balance out, suggesting a decisive move could be approaching.
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Price movements within this range highlight that continued volume growth above $2.00 could drive the next phase of the trend towards $2.50. Conversely, the inability to break this resistance, especially on shrinking volume, increases the likelihood of a retest of support at $1.50. If that level does not hold, the price could fall further towards $1.20.
Momentum is currently in a neutral state, reflecting market indecision. In one optimistic In the scenario, a clear break above $2.00, confirmed by momentum indicators, would signal a continuation of the trend. On the other hand, a break in support on high volumes could accelerate selling pressure and confirm a bearish scenario.
Traders are advised to maintain key entry and exit limits, managing risk around both support and resistance levels. For longer-term investors, it would be wise to wait for a decisive breakout from the current consolidation, which would provide a clearer signal for the trend direction and reduce the risk of false moves within the neutral range.
Featured image from Medium, chart from Tradingview.com