SUI is displaying early indicators of a significant shift in momentum after reclaiming a key good cash accumulation zone on the weekly chart. Following a deep corrective part, the value construction is starting to stabilize, suggesting that affected person patrons could also be positioning for the subsequent main transfer. With higher-timeframe assist holding and a bullish construction progressively rebuilding, the setup hints {that a} bigger growth might be brewing.
Defending Weekly Accumulation After Deep 2024 Correction
Crypto analyst Crypto Patel, in a publish shared on X, highlighted that SUI continues to carry a high-timeframe accumulation zone on the weekly chart following a deep correction from its 2024 highs. Based on the evaluation, the broader market construction now factors towards a re-accumulation part with good cash participation.
Associated Studying
From a technical standpoint, a number of constructive alerts stand out. The liquidity sweep on the lows has already been accomplished, whereas a robust weekly bullish order block between $1.50 and $1.30 has been totally stuffed. Additionally, the honest worth hole overlaps with a requirement zone. Since reacting from this area, SUI has already delivered a bounce of roughly 45%, indicating rising bullish responsiveness.
The construction stays technically wholesome, with value motion respecting a rising channel and the high-timeframe bias progressively shifting again towards the upside. These developments counsel that the corrective part could also be maturing, permitting for a extra sustained restoration if present circumstances persist.
Trying forward, Crypto Patel outlined bold upside targets at $5, $10, and $20, contingent on the broader bullish construction remaining intact. So long as SUI/USDT holds above the $1.20 degree, the macro bullish thesis stays legitimate.
The analyst additionally famous that the optimum entry zone, beforehand shared round $1.50–$1.30, had already performed out, delivering near 50% beneficial properties on a short-term swing. Total, this stays a patience-driven weekly setup with engaging risk-to-reward for each spot and swing merchants, however invalidation might happen on a weekly shut under $1.20.
SUI Respects Construction After Finishing HTF Correction
Sui Group outlined that the current value motion is much from random and continues to respect a transparent structural framework. Following a whole high-timeframe correction, SUI has transitioned right into a re-accumulation part, with value stabilizing inside a well-defined weekly demand zone.
Associated Studying
This zone is the place good cash participation has grow to be evident, signaling renewed confidence after the corrective transfer. The group additionally made reference to the identical $1.30 and $1.50 entry zone as Crypto Patel, which has since been stuffed and validated, delivering beneficial properties of roughly 50%.
At this stage, the outlook shifts right into a patience-based weekly play with an uneven risk-to-reward profile. So long as the broader construction holds, the long-term upside targets stay firmly in focus at $5, $10, and $20.
Featured picture from Freepik, chart from Tradingview.com
