SUI Surges Above $1.45? Key Levels Indicate Possible Continuation Move

1. SUI appears to be exiting a long consolidation with a potential higher-low structure forming.
2. Price action reflects accumulation signs, but the broader trend remains cautious.
3. A clean breakout above near-term highs could trigger a continuation move if buyers hold control.

SUI has been moving through a prolonged consolidation phase, marked by multiple fake breakouts and liquidity sweeps. Analyst BitGuru highlighted that the cryptocurrency has recently formed a higher low, suggesting that buyers are slowly stepping in. This pattern indicates that momentum is building gradually, and if the structure remains intact, SUI could experience a decisive upward move.

On the 2-hour SUI/USDT chart, the coin went through a typical market cycle: sideways consolidation, distribution, a corrective drop, and early recovery. Price initially traded within a range, with repeated rejections near the top and strong support at the bottom, allowing liquidity to build and setting the stage for a potential directional move.

Recent Price Action Reflects Stabilization and Corrective Moves

Following a breakdown from the consolidation zone, SUI experienced a sharp bearish impulse, highlighting strong seller activity and stop-loss hunting below prior support. However, the decline quickly transitioned into a controlled corrective structure, with lower highs forming but downside momentum decreasing. This behavior indicated that selling pressure was weakening rather than accelerating.

Mid-chart, SUI found a local bottom with bullish wicks signaling returning demand. A rebound pushed it into a recovery zone but met resistance at the previous supply, showing a support-to-resistance flip. It now consolidates above this low, forming a potential higher-low, suggesting accumulation amid reduced volatility.

SUI Technical Indicators Suggest Caution Amid Potential Upside

According to the data on the TradingView chart, SUI is trading at around 1.45 on the daily chart after a huge decline over September and October. Strong selling pressure was evidenced by the huge sell-off candle in early October that pushed the price below lower demand areas.

Currently, the price remains below the 19-day DEMA and functions as a moving resistance preventing the price from posting further gains.

B&P Trendoscope illustrates a pullback ratio of about 90% and a run-up of nearly zero, indicating that the retracements are leading the market, as opposed to further growth. A sharp increase in volatility took place in the October decline, while at the present time, volatility has contracted to around 88, possibly leading to a stronger movement in one direction.

Buyers are resting at local bottoms, but overall, no confirmation of a long-term reversal has been provided. SUI, if able to break through levels above local highs while maintaining control through buyer support, might begin the next stage of growth.

Also Read: SUI Shows Strength Defending Trendline Indicating Potential Upside for Investors