The SUI price is back on traders’ radars after holding a key higher-timeframe support zone and bouncing sharply from recent lows. According to CryptoPatel, the weekly chart is starting to show signs of re-accumulation after a deep correction from the 2024 highs.
While price has already moved higher, the broader setup indicates this could be the early phase of a larger trend shift. At the time of the analysis, the SUI price was hovering around the $1.80 area, already up roughly 45% from the recent low.
- What the SUI Chart Is Telling Us
- Structure and Momentum Check
- Where SUI Price Could Head Next
What the SUI Chart Is Telling Us
On the weekly chart shared by Patel, the SUI price completed a clear liquidity sweep below previous lows. That move flushed out weaker hands before price quickly reversed, a pattern that often points to smarter positioning behind the scenes. The rebound started inside a strong weekly bullish order block between $1.30 and $1.50, a zone that price respected cleanly.
Source: X/@CryptoPatel
What makes this area stand out even more is that it lines up with a fair value gap. That overlap created a strong demand zone, and once price tapped into it, buyers stepped in fast. Since then, the SUI price has been pushing higher, supporting the idea that the market is moving from distribution into re-accumulation.
SUI Short-Term Outlook: Where Could Price Be Headed Next?_**
Structure and Momentum Check
Zooming out, it is clear that SUI is still trading in a rising channel. Despite the recent pullback from 2024 highs, a look at a larger picture indicates that a rising channel is still in play. Instead of a breakdown, a correction in price started right where it mattered.
The nearly 50% bounce from the demand zone shows that downside momentum has eased. As long as the SUI price holds above $1.20 on a weekly close, the bullish structure stays in place. That level now acts as the line in the sand for the bigger picture.
Where SUI Price Could Head Next
CryptoPatel points to upside targets at $5, $10, and even $20, based on the channel structure and historical expansion levels. These moves would not happen in a straight line, but the setup suggests higher prices remain possible if accumulation continues.
For now, the attention is on whether the SUI price can continue to make higher lows and remain above support levels. If so, a correction would only mean a continuation of a correction, and all possibilities are very much alive.
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