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.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Switching from crypto to stocks? Cryptocurrency liquidity shifts to the US stock market, with AI becoming the best cross-market aid
According to Wintermute's research, retail investor funds are flowing heavily into the US stock market, gradually decoupling from the crypto market. The crypto market has entered a mature phase, with retail investors seeking higher capital efficiency shifting towards more volatile stock markets. Generative AI has boosted retail investors' confidence, making it easier for funds to move between the US stock market and the crypto market, leading to a transformation of cryptocurrencies into a component of investment portfolios.
ChainNewsAbmedia8m ago
Lantern Festival coincides with a Blood Moon "once every 46 years"! Both the Taiwan stock market and the US stock market happen to be on the edge of a cliff—coincidence or fate?
Tonight's Lantern Festival, Taiwan is also witnessing a once-in-46-years "Total Lunar Eclipse Blood Moon" phenomenon, contrasting with the turbulence in the financial markets. Due to the "Iran Shock," the US stock market was affected, with the S&P 500 reaching 6,775 points and the VIX soaring. The Taiwan stock market also faced foreign selling pressure. Studies show that lunar phases influence market sentiment, with stock returns slightly lower during the full moon.
動區BlockTempo11m ago
BlackRock Loads Up $767M in Bitcoin — Institutions Step In Big
BlackRock's significant Bitcoin ETF inflows show growing institutional confidence, indicating a shift in market behavior amid geopolitical tensions. While retail investors panic, institutions accumulate BTC for long-term gains, potentially setting the stage for future market trends.
Coinfomania23m ago
ETH drops 1.12% in 15 minutes: On-chain whale rebalancing and liquidity contraction drive short-term pressure
On March 3, 2026, from 08:30 to 08:45 (UTC), ETH experienced significant fluctuations, with the 15-minute return rate dropping to -1.12%. The price range fluctuated between 1958.47 and 1984.61 USDT, with an amplitude of 1.32%. Market attention increased during this period, short-term volatility intensified, investor sentiment was clearly cautious, and trading volume contracted accordingly.
The main drivers of this fluctuation were large on-chain fund rebalancing and major holder stop-loss actions. Combining historical on-chain data, whale accounts frequently conducted large transfers and buy-sell activities, which have repeatedly triggered short-term sharp market volatility in the past. The current window
GateNews29m ago
JPMorgan: Crypto Market Legislation Expected to Pass by Mid-Year! 8 Major Bullish Factors to Ignite the Second Half of the Year
JPMorgan predicts that the CLARITY Act will be passed by mid-year, establishing a clear regulatory framework for the U.S. cryptocurrency market and triggering a rally in the second half of the year. If the bill is approved, it could bring multiple positive impacts, with long-term Bitcoin prices potentially reaching $266,000, sparking institutional investment interest.
CryptoCity31m ago
Ethereum Price News: ETH Exchange Reserves Hit Three-Year Low, Bulls Target $2,150
Ethereum (ETH) has experienced recent sharp price fluctuations, with bulls pushing through key resistance levels and reaching as high as $2089. It is currently consolidating above the 100-hour moving average. Trading volume in the past 24 hours has increased to $26 billion, with short positions clearing $2.5 billion. Analysis indicates that $2150 is a critical level; a breakout above this could trigger a rally to $2800. ETH reserves have fallen to a three-year low, showing that investors are inclined to hold long-term. Overall, bulls are currently favored in the short term, and monitoring price movements will help determine the next trend.
GateNews55m ago
