SUI looks like it’s quietly gearing up for a bigger move after reclaiming a key weekly “smart money” accumulation zone, signaling the end of a deep 2024 correction and the start of a re-accumulation phase. What’s happening - After a sizeable 2024 pullback, SUI has stabilized on the weekly timeframe, holding a high-timeframe demand zone where smart-money buying appears to be concentrated. - Technicals show several constructive signs: a liquidity sweep at the lows has completed, and a strong weekly bullish order block between $1.50–$1.30 has been filled. A fair value gap overlaps with that demand area, boosting its significance. - Since reacting to this zone, SUI has bounced roughly 45–50%, and price action is respecting a rising channel as the high-timeframe bias slowly shifts back toward the upside. Analyst and community take - Crypto analyst Crypto Patel highlighted the re-accumulation setup on X, calling the filled $1.50–$1.30 zone an “optimal” entry that already delivered near-term gains and positioning patient buyers for further upside. - The Sui Community echoed this assessment, noting the high-timeframe correction is complete and the weekly demand zone indicates renewed confidence from larger participants. Bullish targets and invalidation - Upside targets cited for a sustained bullish run are $5, $10 and $20, but these depend on the broader bullish structure remaining intact. - Key support to watch: as long as SUI/USDT stays above $1.20, the macro bullish thesis holds. A weekly close below $1.20 would invalidate this setup. Bottom line SUI’s weekly chart suggests smart-money accumulation and a maturing corrective phase. The setup is presented as a patience-driven, asymmetric risk-to-reward opportunity for spot and swing traders—but it hinges on the $1.20 weekly support and the continuation of the current structural recovery. Read more AI-generated news on: undefined/news