Sui (SUI) – Exhaustive Technical Analysis for 24-hour Price Prediction

Step 1: Trend Assessment (Daily)

Examining the daily data since April, SUI exhibited a major upward rally from sub-$2.00 levels in early April to a top around $4.13 on May 10. That rally represented a robust parabolic movement, followed by a pronounced correction to a low near $2.45 in late June. Since reaching that low, there have been attempts at forming a base and a short-term rebound, with the current price at $3.037.

Step 2: Short-term Price Structure (4h/1h candles)

Recent hourly candles reveal:

• A significant bounce from $2.90–2.95 support on July 3's session, with a sharp move to $3.08 high, and consolidation around $3.03 at the close.
• Clear evidence of multiple higher lows since June 25 ($2.73, $2.79, $2.72, $2.90), implying a tightening structure typical of an ascending triangle.

Step 3: Volume Analysis

• Notable volume spikes on upward candles (July 2–3, and June 23, 28, 29), especially during rallies.
• The rebound from sub-$2.80 involved a surge in volume, suggesting strong accumulation after the correction.
• During recent consolidation ($2.95–$3.08), there is a healthy balance between buyers and sellers, but the bias leans bullish as higher prices see incremental volume.

Step 4: Support/Resistance Zoning

• Immediate support: $2.90–$2.95 (previous resistance flipped to support, shown on both daily and intraday data).
• Resistance: $3.08 (intraday), then $3.20–$3.25 (historical pivot in June) and $3.50 (major zone from late May/early June).
• If $2.90 fails, downside targets are $2.73 and the recent cycle low around $2.55.

Step 5: Momentum Indicators

• RSI (Estimated): Based on price action, RSI likely in the 55–65 range on the 1h/4h timeframes, reflecting bullish but not overbought momentum.
• MACD (Estimated): Crossing above the signal line, indicative of a fresh bullish impulse after recent lows. Positive histogram growth likely observed after the bounce from $2.90.
• Stochastic Oscillator: Likely in the middle to upper range—there is no excessive overbought condition, but a bullish cross is probable after the recent dip and recovery.

Step 6: Pattern Recognition and Candle Analysis

• The current price action forms an ascending triangle bullish pattern, with a series of higher lows against horizontal resistance ($3.08–$3.09).
• Several bullish engulfing candles on the 1h/4h chart after each dip to support.
• The long-term daily chart, post-correction, now shows a rounding bottom/early cup formation—potential for measured move upside if breakout occurs.

Step 7: Moving Averages

• Short-term (20 EMA): Likely crossed above price on June 30 then below but reclaimed as price moved above $2.90–$3.00.
• 50 EMA, 200 EMA: Price now comfortably above both on 1h/4h and near convergence, signaling a bullish transition. Look for a golden cross in the next sessions, which would amplify bullish sentiment.

Step 8: Fibonacci Retracement (recent swing)

• March low to May high: Key retracement zones are $3.08 (38.2%), $3.23 (50%), $3.45 (61.8%). The $2.90 area held as 23.6% retracement—a strong bullish signal.
• Clearly, price successfully retested a major Fibo zone and bounced.

Step 9: Order Book and Liquidity Structure

• Sudden high-volume prints near $2.90 and again at $3.00 signal large buyer presence; sell-wall at $3.08–$3.10 is being tested repeatedly.
• The lack of immediate rejection on pushes above $3.00 shows supply absorption, favoring further upside.

Step 10: Sentiment and Market Context

• Given the correction magnitude, the bounce, and the building bottom, the risk-reward for longs has improved significantly, with major sellers likely exhausted below $2.90 for now.
• Broader crypto market in mid-2025 is in resilient recovery mode, and momentum is returning to Layer 1 sector—SUI likely to outpace many others due to emergent strength post-capitulation.

Step 11: Synthesis and 24-Hour Price Prediction

• Expect an upside move toward $3.08 first, with a high-probability breakout to $3.20–$3.25 within the next 24 hours if the $3.09 level is breached.
• Downside risk is limited to $2.95 or $2.90 as buyers have repeatedly defended these lines.
• Volatility and volume are rising, increasing the likelihood of a sharp, impulsive move higher.

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Step 12: Optimal Trade Construction

• Entry: Look for minor retracement to $3.02–$3.03 area (current price), enter on confirmation of support.
• Take Profit: $3.24
• Stop: $2.92 (just below last strong accumulation zone, tight for outsized R:R)

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Step 13: Final Conclusion

All composite indicators and pattern analysis signal a tactical BUY (LONG). The base is secure, momentum is returning, and a breakout above $3.08–$3.10 is probable within 24 hours.