SUI Price Ignites Bullish Rally From Key Support Level

SUI/USDT Price Analysis – September 10

SUI market is experiencing a surge of bullish momentum as the price launches a strong rally from a critical support level. After a prolonged period of consolidation, buyers have decisively stepped in, signaling a potential rotation back towards the upper boundary of its long-term trading range. Key indicators confirm this shift, suggesting the current upward move has strength and conviction behind it.

SUI Key Levels

Support Levels: $3.2137, $2.7584
Resistance Levels: $4.2469

SUI Long-Term Trend: Ranging (Bullish Rotation)

The daily chart for SUI/USDT shows the asset trading within a wide and well-established range for most of the year. The most recent price action highlights a successful defense of the significant support zone at 3.2137. After holding this level throughout August, the price has now initiated a powerful bounce, indicating a clear shift in market dynamics.

Currently trading at 3.5969, the bullish reversal is confirmed by the technical indicators. The Relative Strength Index (RSI) has pushed firmly to 56.72, crossing above the 50 midline to signal that momentum is now in the hands of the bulls. Similarly, the Money Flow Index (MFI) has risen to 61.47, indicating that positive money flow is entering the asset, providing fuel for the rally. The immediate objective for buyers will be to challenge the main range resistance at 4.2469.

SUI Short-Term Trend: Bullish (4hour Chart)

On the 4-hour timeframe, the new bullish trend is clearly visible. After basing along the 3.2137 support, the price has begun to carve out a distinct pattern of higher highs and higher lows. The upward momentum has accelerated in recent sessions, pushing the price decisively away from its previous consolidation zone.

The strength of this short-term trend is underscored by the indicators. The RSI is in strong bullish territory at 62.19, while the MFI shows a robust reading of 67.26. Both indicators are pointing upwards, reflecting the intense and sustained buying pressure that is currently driving the market. This confirms that bulls are in full control, and further upside can be expected as the rally continues.

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