$SUI

/USDT Technical Analysis Report (1H Chart)

SUI/USDT is showing resilience after rebounding from its 24-hour low of $2.9307, currently trading at $3.0315 with a modest gain of +0.57%. This slight upward momentum, paired with a strong 24h volume of 71.39M SUI and 215.26M USDT, signals healthy market interest and potential for continued volatility. The price action is hovering near a key pivot zone, with recent candles suggesting a stabilization phase before a potential breakout. The 24h high at $3.0859 is within reach, and if buyers can sustain pressure, a move toward $3.10–$3.15 is likely.

The order book and volume dynamics favor bulls, making this a thrilling zone for traders seeking breakout opportunities. Momentum indicators (MACD, RSI – implied by the candle behavior) hint at growing bullish divergence. If SUI pushes past immediate resistance around $3.09, the next leg up could target the $3.20 area. With a solid Layer 1 narrative and technical structure aligning, this setup could reward those positioned early—watch closely for volume spikes and confirmation candles to ride the momentum wave.