SUI’s price rebound signals renewed strength after correction
SUI’s price action is showing signs of strength after a recent correction. The cryptocurrency has formed a clear accumulation pattern, with key demand zones holding firm. Analysts note that the broader bullish trend remains intact, supported by smart money activity and technical structures.
The weekly chart reveals a liquidity sweep at lower levels, followed by a swift recovery. This movement suggests that institutional buyers have absorbed selling pressure, reinforcing confidence in the asset. A critical demand zone between $1.50 and $1.30 has been fully respected, overlapping with a Fair Value Gap to create a high-probability area for buying interest.
Price has already rebounded by 45-50% from this zone, confirming its strength. Short-term action shows higher lows forming, indicating that buyers are stepping in during dips rather than exiting positions. For the upward momentum to continue, resistance between $3.50 and $4.80 must break and hold as support. If the weekly closes remain above $1.20, the macro accumulation structure stays valid. Long-term bullish targets of $10 and $20 remain achievable, provided the rising channel structure holds and higher lows persist. The current setup aligns with a textbook high-timeframe accumulation phase, following the pullback from 2024’s peak levels.
SUI’s technical outlook remains positive as long as key levels hold. The $1.50-$1.30 demand zone has proven resilient, while a break above $3.50-$4.80 could pave the way for further gains. Traders will watch weekly closes above $1.20 to confirm the continuation of the bullish trend.
