SUI tapped the FVG at $2.29 and triggered a strong 100% pump amid rising bullish volume.
The $3 support zone backed by Ichimoku indicators signals a strong accumulation area for buyers.
A clean break above $4.66 opens the pathway toward the $6 resistance level in the short term.
SUI has surged 100% after tapping the Fair Value Gap (FVG) at $2.29, igniting renewed bullish momentum. With the $3 zone offering strong technical support, analysts are eyeing $4.66 as the next target, with $6 in sight if resistance breaks.
SUI Hits FVG at $2.29, Ignites 100% Price Rally
SUI's price action delivered a sharp 100% rally after tapping the Fair Value Gap (FVG) at $2.29, confirming bullish pressure. The explosive move was sparked by precise technical alignment and investor confidence at a major support zone.
The 3-day chart shows a clean reaction at the FVG, followed by sustained upside momentum. Price reached above previous resistance levels as buying volume spiked, forming a higher low structure on the trendline. This breakout places SUI in a strong technical position heading into August.
$3 Zone Reinforced by Kumo and Kijun Support
The current $3 level is now acting as a key accumulation area, supported by the flat Kijun and Kumo cloud indicators. These Ichimoku signals suggest price equilibrium, reinforcing $3 as a stable re-entry point for market participants.
According to a tweet from @Dollarcurrency1, this zone is being defended technically and psychologically. Any dip back to $3 offers buyers a rare opportunity to rejoin the trend with low risk. Market structure remains bullish while price holds above this support cluster.
The green trendline set by the rising prices since mid-2024 is also cooperating and helping to give a visual representation of a continuation of the trend. The momentum indicators do not indicate divergence and this is a sign of the strength of this bullish structure
Bullish Targets Set at $4.66, With $6 in View
A short-term target near $4.66 aligns with historical resistance and a key Fibonacci extension level. Price previously rejected at this zone but appears poised for a retest.
If price successfully breaks through the current supply zone, the path to $6 becomes a realistic possibility. Above $4.66, limited overhead resistance provides room for an extended move.
This structure, built on FVG reaction and strong support zones, suggests SUI could be entering a new price discovery phase. Traders are watching for a clean breakout confirmation.
