1. Summary

$SUI trades near $3.72 after a strong move; 1H structure shows short MAs above longs and RSI ~61 — short-term bias leans bullish but volume is required to confirm continuation. • Drivers: elevated DEX/DeFi activity and institutional custody/ETF chatter.

2. Combined Analysis

Technically, SUI rallied from the low ~$3.30 to the mid-$3s with MA7/MA25 > MA99 and RSI ~61 — favorable on 1H if volume holds. Fundamentally, recent Q2 data show rising DEX volume/TVL and increased institutional interest (custody/ETF filings), which support liquidity but can also trigger fast profit-taking if large holders distribute. Sentiment is cautiously optimistic; watch on-chain flows to distinguish continuation vs distribution.

3. Strategy

Entry:

  • Breakout: probe on 4H close > $3.80–$3.86 with clear 4H volume confirmation (>~40% MA20 on 4H).

  • Pullback: buy into $3.50–$3.60 on wick rejection + 1H/4H reversal candle (scale-in).

Stop-loss: $3.30 (below recent swing support).

TP1 / TP2: TP1 = $3.88–$3.98; TP2 = $4.30–$4.70 (reduce TP2 to ~$4.00 if volume weak).

Exit triggers: large transfers to exchanges (whale dump risk), ETF/custody news reversal, or volume collapse with RSI spike → exit. Use limit/probe orders to control slippage.