$SUI

📈 Technical Analysis (1W Chart)

Current Price: $3.9464

24h Range: Low: $3.7616 | High: $4.0341

Key Resistance: $4.47 – $5.36

Key Support: $3.31 – $2.15

✅ Recent Trend:

SUI has been on a strong upward trajectory:

+16.04% in the last 7 days

+38.83% over the past 30 days

+88.45% in 90 days

+365.27% YoY

This suggests strong mid-to-long term bullish sentiment, despite the 180-day dip of -11.87%, likely reflecting previous correction/consolidation.

🟢 Momentum:

Price bouncing from $2.15 support with higher lows.

Strong buying near $3.3 and sustained move above $3.9 signals accumulation.

Approaching the critical $4.0 psychological barrier.

📊 Volume:

Volume Spike seen alongside upward movement – indicates real buyer interest.

MA(5) at ~352M and MA(10) at ~380M – showing volume consistency.

🧠 Fundamental Insights

🔗 Ecosystem News:

📢 Walrus Partnership:

"Walrus poised to enhance Sui Network’s Data Layer"

This likely boosts developer confidence and DeFi infrastructure, signaling increased network utility.

📚 Development Focus:

Emphasis on Layer 1 & Layer 2 innovation suggests SUI is building scalable solutions – a key narrative for long-term investors.

📉 Order Book Sentiment (Estimated)

While exact order book data isn't visible, based on price action and volume:

Buyers likely dominating near $3.3–$3.9, with active accumulation patterns.

Sellers expected at $4.0–$4.5, where previous resistance and profit-taking zones exist.

💡 Summary & Market Outlook

✅ Bullish Bias in the short to mid-term, with strong technicals and renewed interest from news catalysts.

📍 Watch Zones:

Break above $4.03–$4.47 → could trigger a move toward previous high near $5.36

Pullbacks to $3.31–$3.6 could offer re-entry zones for traders

📢 Trending Insight:

“SUI’s revival isn't just a price movement — it’s backed by solid network development and surging community interest. As data scalability improves, SUI could cement its role in the next-gen Layer 1 ecosystem.”