$SUI
🔹 Price Action
Current Price: $0.96 (+5.2% 24h)
24h Range: $0.89 – $0.97
Market Cap: ~$2.2B
Volume Surge: +78% spike in 24h, indicating strong interest
🔸 Technical Analysis
Breakout Pattern:
Double bottom formation on 4H chart confirmed
Break above $0.92 neckline triggered bullish momentum
Next Resistance:
$1.00 (psychological and previous rejection zone)
$1.08 (mid-term resistance from early July)
Support Levels:
$0.89 (prior breakout level)
$0.84 (recent local low)
Indicators:
RSI: 66 – Bullish, but not overbought
MACD: Positive crossover, bullish momentum
EMA 20/50: Price above both, supporting uptrend
🔺 Fundamental & Narrative Boost
Ecosystem Growth: Ongoing SUI-based DeFi and GameFi expansion
TVL Increasing: Up 12% week-over-week
Upcoming Events: Look out for updates from Sui Builder House and SUI x zkApp integrations later this month
📊 Short-Term Trade Setup
Parameter Value
Entry Zone $0.92 – $0.95
Target 1 $1.00
Target 2 $1.08
Stop-Loss $0.88 (below structure)
🧠 Summary
$SUI is showing a clean breakout structure backed by volume and bullish indicators. A close above $1.00 could trigger a more explosive move, especially if BTC remains stable.