TLDR:
- SUI is consolidating above the $2.39–$2.85 demand zone, showing signs of accumulation.
- A daily close above $2.85 could confirm a bullish reversal setup in the making.
- Reclaiming $3.83 is critical for momentum toward the $4.31 supply zone target.
- Falling wedge and MA365 support hint at a potential breakout if volume sustains.
SUI price is currently consolidating near a vital support level, with traders monitoring the chart for signs of a bullish breakout. The asset has hovered around the $2.80 mark, showing signs of resilience despite a broader market pullback.
Analysts believe the current structure could be forming a reversal setup if critical price levels are reclaimed. With SUI still down over 14% over the past week, buyers remain cautious but hopeful. Momentum may soon shift if price action confirms structural strength.
SUI Bulls Defend Demand Zone Amid Market Uncertainty
The price of SUI has shown repeated respect for the demand zone between $2.39 and $2.85, suggesting steady accumulation.
According to Naveed (@navex_eth), the asset continues to react positively each time it touches this range, a sign that bulls are holding ground. A confirmed daily close above $2.85 could establish the beginning of a bullish structure.
Currently, the asset trades at approximately $2.80, per CoinGecko. That places it just below the $2.85 threshold, showing indecision in the short term. However, as long as SUI maintains support above $2.39, the setup remains valid for an upside continuation.
Naveed also pointed out that reclaiming the mid-range level at $3.83 is critical for confirming a sustained upward move. This level aligns with a previous price consolidation, which may now act as a resistance zone.
If bulls successfully push above $3.83, the next area of interest lies at $4.31.
The $4.31 mark represents a potential supply zone where sellers could re-enter the market. If the price reaches that level, SUI will have completed a move of over 44% from the current zone.
Price has been respecting this demand zone, hinting at a potential reversal setup
A break and close above $2.85 could initiate a bullish structure shift
If bulls reclaim the mid-range ($3.83), we may see a run into the $4.31 supply zone pic.twitter.com/1RhrX8zmXN
— Naveed (@navex_eth) June 19, 2025
This projection aligns with the trend seen in earlier breakouts, particularly when demand zones were respected.
SUI Chart Patterns Suggest Bullish Setup in Progress
Another analyst, CryptoBullet (@CryptoBullet1), noted that SUI is printing a falling wedge on the daily chart.
This pattern often indicates a potential reversal, especially when combined with a retest of long-term moving averages. In his earlier analysis, he pointed to the EMA/MA365 as strong support levels during past upswings.
Now that SUI is testing those same moving averages again, traders are watching for the formation of a higher low. A successful bounce from this level could open the door for a new all-time high if momentum builds.
$SUI 1D linear chart update
Back in March-April $SUI did bounced off the EMA/MA365 as expected and reached my mid-term target
Now we’re testing these MAs again and printing a Falling Wedge. IMO this is where $SUI is gonna establish a Higher Low and soon rise to a New ATH… https://t.co/mgv1EahhFU pic.twitter.com/qp2o4nnjdF
— CryptoBullet (@CryptoBullet1) June 18, 2025
SUI’s current structure remains in focus as it trades near the critical $2.85 resistance. If buyers push through and reclaim higher levels like $3.83, the market may attempt a move toward $4.31.
However, failure to hold the demand zone could shift short-term sentiment back to caution. As volume remains strong and chart patterns align, all eyes are now on SUI’s next decisive move.
The post SUI Price Holds Demand Zone: Breaking $2.85 Could Ignite 44% Rally appeared first on Blockonomi.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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