1. Currently, $SUI is located at the intersection between two large buying zones.
- The first buying zone occurred in early November 2025 when the green candles had large ranges and strong volume. This indicates that buying pressure is completely overwhelming selling pressure; in other words, this shows that while weak hands are selling out, strong hands are buying in.
- This hypothesis is confirmed by the candle on February 3, 2025. This is a green pinbar candle with a spike in volume. This indicates the presence of strong hands acting as buyers.
2. On the other hand, looking broadly at the 1W frame, we can see that from August 2024 to December 2024 $SUI is in an upward wave with high volume. However, the price drop from the beginning of 2025 until now has low volume, indicating there has been no profit-taking phenomenon. Candle number 1 and number 2 have high volume but small ranges, clearly indicating absorption behavior. Thus, the hypothesis here is that whales bought in when the price was in an upward trend, then they did not act and only appeared when the price returned to the previous buying zone to absorb the supply.
Next scenario: With the large supply currently, it is highly likely that SUI will continue to hover around the price level of 2.3 with candles showing narrow ranges and gradually decreasing volume until the supply runs out, after which $SUI I will reverse and increase again. The first target will be at the $5 level, but before that, the price will face some challenges in surpassing the $3.4 level.
The weekly frame shows no signs of profit-taking activity.
