$SUI Bulls Still Own The Structure 🔥
Sui has pulled back toward $1.19 after failing to hold the latest push above $1.24.
That red daily candle looks far less concerning when you zoom out. SUI is still up roughly 49% over the past month and remains above all eight major moving averages tracked on the daily chart.
The 50-day average has also moved above the 200-day, while the daily RSI near 64 shows strong momentum without entering overbought territory.
I’m watching $1.17 to $1.18 as the first important demand zone.
If buyers defend it, this remains healthy consolidation after a major expansion from the September lows.
A reclaim of $1.21 would be the first sign that momentum is returning. From there, $1.24 to $1.25 is the immediate wall.
Break that zone with convincing volume and I expect another attack on $1.27 to $1.30. A clean daily close above $1.30 would confirm the next leg and put the previous major resistance around $1.40 back into play.
The bullish setup weakens below $1.17 and takes real damage if SUI loses $1.14 on a daily close.
Until that happens, the higher timeframe structure still favours buyers.
My thesis is simple. SUI broke out, cooled off above major moving averages and is now building a base beneath resistance.
Hold $1.17, reclaim $1.25, and this chart looks ready to expand again.
#Altcoin Season#
Sui has pulled back toward $1.19 after failing to hold the latest push above $1.24.
That red daily candle looks far less concerning when you zoom out. SUI is still up roughly 49% over the past month and remains above all eight major moving averages tracked on the daily chart.
The 50-day average has also moved above the 200-day, while the daily RSI near 64 shows strong momentum without entering overbought territory.
I’m watching $1.17 to $1.18 as the first important demand zone.
If buyers defend it, this remains healthy consolidation after a major expansion from the September lows.
A reclaim of $1.21 would be the first sign that momentum is returning. From there, $1.24 to $1.25 is the immediate wall.
Break that zone with convincing volume and I expect another attack on $1.27 to $1.30. A clean daily close above $1.30 would confirm the next leg and put the previous major resistance around $1.40 back into play.
The bullish setup weakens below $1.17 and takes real damage if SUI loses $1.14 on a daily close.
Until that happens, the higher timeframe structure still favours buyers.
My thesis is simple. SUI broke out, cooled off above major moving averages and is now building a base beneath resistance.
Hold $1.17, reclaim $1.25, and this chart looks ready to expand again.
#Altcoin Season#
