Sui’s current structure is a result of a reaction from a well-defined demand zone with a price that has stabilized after a long decline.
On the weekly chart, this is the zone around $0.88 – $0.97 that has consistently been a zone of attraction for the buyer, although it has been unable to show further expansion to the downside. The recent bounce implies that a build-up is occurring, with the price attempting to form a base after a series of lower highs.

The next area of interest is in the area near the $2.00 level, which has previously served as both support and resistance. A move towards this region would be the first significant change in structure, with buyers gaining back control. Beyond the $3.50 level, another, more important level exists, and the $3.50 level is a zone where previous rallies stopped. Reaching this level would confirm that the market has moved from the consolidation phase to a recovery phase.
Momentum conditions on the weekly chart indicate a stabilization of RSI after it dipped towards lower levels, and selling pressure may be easing. This fits the price holding in the demand zone, strengthening the notion that the current phase is driven by an accumulation and not further decline.
On the monthly chart, the larger structure is the price trying to regain long-term support. RSI was below the midpoint at press time, but not moving downwards as much, which signals that the weakness in the macro is lessening. A sustained move above $4.13 would likely lead to a stronger expansion phase, opening the path to $5 and eventually $10.
