SUI/USDT Bulls Push for Breakout from Corrective Channel

Sui Price Analysis – July 9

The Sui price shows a market that has recently found strong support and is now attempting to reverse its short-term downtrend. Buyers are showing increasing conviction, actively pushing the price upwards and challenging key resistance levels. This implies a potential shift in momentum towards a more bullish outlook.

Sui Key Levels

Support Levels: $2.3970, $1.7750
Resistance Levels: $3.2130, $4.2460, $5.4780

Sui Long-Term Trend: Bullish (Daily Chart)

Following a significant rally from November 2024 to early 2025, the asset entered a corrective phase, forming a series of lower highs and lower lows. However, since late June, the price has found substantial support around $2.3974 and has begun to trend upward, attempting to break out of this corrective channel. Currently, SUI is trading at $2.9520 key level, positioned above immediate support and moving towards the $3.2137 resistance. The long-term trend suggests that while ab significant bullish reversal is not fully confirmed, buyers are aggressively re-entering the market at these lower levels, attempting to invalidate the recent downtrend.

SUI/USDT price reflects a market with building bullish momentum, showing a notable increase of +0.58% as of the snapshot. After a period of correction, the price bounced strongly from the $2.3974 support and has been forming higher lows, signaling increasing buying pressure. The Stochastic Oscillator is at 63.78, trending upwards from oversold territory and well into the bullish zone. This is a strong indication that momentum has shifted firmly in favor of the buyers.

Sui Short-Term Trend: Strong Bullish (4-Hour Chart)

The 4-hour chart provides a more immediate and detailed view of the recent price action, showing SUI/USDT consolidating around $2.952 market level. This timeframe clearly depicts the asset maintaining its upward trajectory since early July, with consistent higher lows and higher highs within a tightening range as it approaches resistance.

The Parabolic SAR (SAR) dots are below the price candles, confirming the short-term uptrend. This suggests that the immediate bullish momentum remains intact despite the slight consolidation.

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