SUI Reclaims Smart Money Zone; Upcoming Major Movement Anticipated

Summary: SUI has regained a crucial accumulation zone on its weekly chart, indicating a potential shift in market momentum. After experiencing a significant correction, the asset's price structure is stabilizing, which could signal that buyers are preparing for a major price movement. With solid support levels, SUI's prospects look promising for a strong rebound.

Key Takeaways:

Momentum Shift: SUI is showing early signs of a positive shift after reclaiming a smart money accumulation zone.
Deep Correction Recovery: After a substantial correction in 2024, SUI is now in a re-accumulation phase.
Strong Support Levels: Key technical signals suggest that SUI is stabilizing within an established demand zone.
Bullish Targets: Analysts predict significant upside targets at $5, $10, and $20, depending on current structures remaining intact.
Risk Management: Essential support is at the $1.20 level; a breach could change the outlook.

SUI

Reclaiming Accumulation After a Major 2024 Correction

Crypto analyst Crypto Patel recently shared insights on X, indicating that SUI is maintaining a key accumulation zone on its weekly chart even after a significant market correction from its peak in 2024. The overall market structure is now signaling a re-accumulation phase, thanks to active participation from smart investors.

From a technical view, several encouraging indicators have emerged. The liquidity sweep at the market's low points is completed, and a significant bullish order block between $1.30 and $1.50 has been successfully filled. Additionally, there is an overlap between the fair value gap and a demand zone. Since bouncing back from this area, SUI's price has surged approximately 45%, suggesting a responsiveness to bullish sentiment.

SUI
Source: Chart from Crypto Patel on X

The market structure appears to be sound, with price movements respecting a rising channel. This upward trend indicates that the corrective phase may be nearing its end, allowing the potential for a more stable rebound if current conditions are maintained.

Looking forward, Crypto Patel has proposed ambitious price targets of $5, $10, and $20, contingent on the prevailing bullish structure holding steady. Importantly, as long as SUI/USDT remains above the $1.20 level, the overall bullish outlook remains valid.

The optimal entry point previously suggested around $1.30 to $1.50 has already shown positive results, yielding nearly a 50% gain on short-term trades. This remains a strategy grounded in patience, presenting an attractive risk-to-reward scenario for both spot and swing traders, though risks could materialize if prices close below $1.20.

Price Structure Respects after Completing High-Timeframe Correction

The Sui Community has noted that recent price actions are consistently following a defined structural pattern. After successfully completing a high-timeframe correction, SUI has entered a re-accumulation phase, stabilizing within a well-established demand zone.

In this zone, smart money involvement is becoming increasingly apparent, signaling a regained confidence after the recent downturn. The community echoed the same entry points of $1.30 and $1.50 as highlighted by Crypto Patel, which have since been validated with gains of around 50%.

At this point, the strategy centers around patience, with a favorable risk-to-reward balance. Provided the broader structure continues to hold, longer-term price targets at $5, $10, and $20 remain well within reach.

SUI
SUI trading at $1.7 on the 1D chart | Source: SUIUSDT on Tradingview.com