Supports and Resistances
Daily: Immediate support around US$ 3.62 (recent low). Next critical support at ~US$ 3.40 (61.8% Fibonacci level and 200-day moving average). Key daily resistances are at US$ 4.25 (short-term resistance) and US$ 4.80 (technical target after breakout of bullish flag).
Weekly: Main support near US$ 3.40 (corroborated by SMA200 and Fibonacci 61.8%). At lower levels, pivots at US$ 2.80 and US$ 2.29 form additional support. On the upper side, the psychological resistance of US$ 4.00 is critical (breaking it signals significant rise); the historical high of US$ 5.37 (Jan/2025) remains a long-term target.
Predominant Trends
Daily Chart: Strongly bullish bias. SUI/USDT broke consolidation patterns (like bullish flags) and recorded gains of ~9–15% in recent sessions. The recent dynamics (consecutive highs) indicate dominant buying pressure in the short term.
Weekly Chart: Also bullish medium-term trend. The weekly RSI is above 50 and the MACD is positive, suggesting continuation of the rise. The long-term structure (rising wedge) indicates that surpassing US$ 4.00 could drive a new historical high.
Relevant Chart Patterns
Bullish Flag (daily): Identified and already broken upwards, with an initial projection up to ~US$ 4.80. This pattern (bullish consolidation) suggests a continuation of the rally after a brief pullback.
Symmetrical Triangle (medium term): Broken in a bullish bias, indicating that the prolonged consolidation has come to an end. The extension of the movement projects higher targets (possibly up to US$ 6–7 at Fibonacci levels).
AB=CD Pattern (daily): Observed by analysts as a symmetric pattern projecting equal price movements. Upon completion, it indicates potential additional advancement (targets mentioned at US$ 5.64–8.00).
Rising Wedge (weekly): Medium-term structure where highs and lows are inclined upwards. The buying pressure within this wedge, combined with positive indicators, suggests that a breakout above the resistance of US$ 4.00 would solidify the bullish trend.
Technical Indicators (RSI, MACD)
The 14-period daily RSI is around 62.95, still below the overbought zone, indicating room for continuation of the bullish movement. The daily MACD shows the line and signal nearly tied (0.2230 vs 0.2240, histogram ≈–0.0010), reflecting recent bullish momentum without saturation. In the weekly chart, the RSI is also above 50 and the MACD is in positive territory, reinforcing the medium-term bullish bias. These indicators confirm that buyers maintain an advantage, but still without clear signs of exhaustion.
Sources: Technical analyses from specialized platforms (CoinMarketCap, CoinEdition, CCN, CoinDesk, etc.) and indicator data (RSI, MACD).