SUI Shows Strength as It Reclaims Important Support

SUI Shows Strength as It Reclaims Important Support – Is $2.35 the Next Target?

SUI is beginning to demonstrate renewed vigor after successfully reclaiming a key high-timeframe support area. Following a sharp decline, the price has stabilized above this level, indicating that the downturn may be over. As long as this support holds, momentum could build gradually, making the $2.35 zone the next target for upward movement.

Key Takeaways

SUI has regained a significant high-timeframe support level after a sharp decline.
The price stabilization above this support suggests upward momentum could build, with $2.35 as the next target.
A crucial demand zone has been identified, where maintaining support is vital for continued bullish sentiment.
SUI has shown strength by breaking an early 4-hour downtrend, leading to potential market leadership.
Overall, SUI’s performance is linked to the broader market landscape, especially Bitcoin and Ethereum, which are currently directionless.

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SUI Reclaims Essential High-Timeframe Support After Decline

Crypto analyst Scient recently pointed out on X that SUI's recent trading behavior is occurring exactly where expected after a sharp selloff. The market has rebounded above an important high-timeframe (HTF) support area that has previously served as a crucial pivot point. This recovery suggests that the temporary dip below support was just a deviation rather than a major breakdown, with the price now stabilizing and forming a solid foundation.

From a structural viewpoint, the gray box highlighted on the chart denotes an essential demand and decision region. Staying above this area maintains the bullish reclaim and indicates that buyers are still in charge at higher timeframes. However, if the price were to drop back below this zone, it could invalidate this setup and shift the focus towards downside risks, making this area critical for the next price movement.

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SUI makes a crucial bounce above key resistance | Source: Chart from Scient on X

As long as SUI can maintain its position and gain acceptance above this base, Scient anticipates a gradual rise toward the next resistance level around $2.35. A decisive move into this area could potentially lead to further growth if momentum improves.

Currently, this structural pattern is also appearing across multiple assets, with many charts showing similar high-timeframe PO3 accumulation patterns. Within this broader context, SUI is notable for its decisive reclamation of key support, placing it among the more promising setups in the market.

SUI Stands Out with Early 4-Hour Trend Break

Daan Crypto Trades has noted that SUI was one of the first major assets to break out of its 4-hour downtrend and move decisively beyond the current range, signaling a clear relative strength. This early breakout positions SUI ahead of many competitors and makes it a potential leader if overall market conditions improve.

At present, the price is consolidating directly above the former resistance area, which now functions as key support. Maintaining this level would indicate a successful reclaim of the range and enhance the chances of upward continuation. Conversely, dropping below this area could signal a return to consolidation and weaken the bullish structure.

Overall, SUI continues to stand out as one of the stronger cryptocurrencies, but confirming the next upward movement still requires renewed momentum. Despite SUI's positive trajectory, its performance remains closely tied to Bitcoin and Ethereum, both of which currently lack a clear direction.

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