#SUI – Update analysis at 17:38 on 13/05/2025
1. Technical analysis (Weekly Chart)
✅ Overview:
Current price: ~3.966 USDT
The current weekly candle is showing a long upper wick, approaching the upper Bollinger Band.
Volume has increased significantly in recent weeks => confirming a clear influx of funds.
The RSI indicator is around 70, not yet in overbought territory but already quite hot.
Stochastic RSI is still trending upwards but has started to curve slightly => showing signs of weakening momentum.
✅ Key technical zones:
Strong resistance zone (static resistance zone + Volume Profile):
4.14 – 4.23: price zone with the largest liquidity.
4.38 – 4.55: potential profit-taking zone.
5.09: most recent historical peak.
Strong support zone (weekly buy zone):
3.53 – 3.66: coinciding with the 20-week MA, the middle band of the Weekly BB, and the Kumo cloud region.
2. On-chain & Derivative Data (Coinglass - Weekly)
✅ Funding rate & Open Interest:
Funding rate: +0.0054 → still positive, indicating that there are still many Long positions, but not too high to pose a risk of squeezing Longs.
Open Interest: continuously increasing, currently at ~100.5M SUI open contracts → a sign of continued large capital inflow into the derivatives market.
✅ CVD (Cumulative Volume Delta):
CVD Spot: currently forming higher lows → real buying pressure is being maintained.
CVD Perp: stabilizing after a strong rise → buying pressure from derivatives is starting to cool down.
Note: significant divergence between Spot and Perp CVD → short-term reversal risk if Longs lose patience.
3. Strategy proposals
Strategy Price Level Notes
Buy zone 3.53 – 3.66 EMA20W + large volume support zone
Profit-taking/resistance zone 4.14 – 4.23 and 4.38 – 4.55 Resistance according to VPVR and BB
Short-term stop loss Below 3.50 If the M zone is lost
