Technical Analysis time ⤵️

$SUI is coiling inside a textbook symmetrical triangle on the weekly

Structure is clean. Volume is tapering. I'll be honest, the 6 consecutive red weekly candles don't look great...

But the market’s loading the next leg and next phase

Here’s the setup:

➤ Price: $2.37, currently trading just above local support at $2.25–$2.35

➤ 50MA: $2.68 (overhead friction)

➤ 9MA: $3.00 (first momentum reclaim target)

➤ 100MA: Just printed at $1.86; key mid-cycle anchor

➤ ICO AVWAP: $1.93, expect that level to be defended like a fortress

The apex is approaching sooner than you think 👀

If this breaks to the upside, the minimum measured move is targeting $11.47

Yes, you read that right

That’s a 4.8x from here—on structure alone

This isn’t just TA in isolation though

$SUI is sitting on strong fundamental flows:

✅ $400M in new TVL over the past 3 weeks

✅ $100B in cumulative DEX volume

✅ Top spot in monthly chain-wide tx volume

✅ Nearing $ETH in stablecoin activity

So, what’s next?

If we hold this $2.25–$2.35 range then reclaim the 50MA, we will have a better view of what's next

When $SUI

breaks the resistance level, this entire move becomes an impulse leg, not just a bounce

You don’t need hopium when the structure is this clean

You need patience

And positioning

DCA into your conviction plays and don't overtrade