SUI Price Primed for Action? Expert Reveals What Needs to Happen Next

By CaptainAltcoin
6 days ago
BULLISH XCN READ X WOULD

SUI is starting to catch the eye of traders after spending some time moving sideways near a key support level. The price of SUI has been tightening up, and according to crypto expert Sjuul from AltCryptoGems on X, it might be gearing up for a shift in momentum.

In his post, Sjuul pointed out that SUI price is “consolidating and squeezing just around this very important macro support level.” He believes all it needs now is a clear higher low to confirm a structure change, which could open the door to a new bullish trend if buyers step in with strength.

SUI Technical Structure and Key Support

The current SUI price chart outlines a clear descending trendline acting as long-term resistance. This line connects several lower highs, showing continued downward pressure over time. Despite this, price action has managed to stabilize above a horizontal macro support level that has held firm across multiple testing phases.

Another notable feature is the presence of a defined demand zone just beneath the current price. This area previously triggered a strong bounce and continues to attract buying interest. The most recent wick into this zone was rejected, indicating that demand remains active.

SUI Market Outlook and Chart Projections

Sjuul’s projection shows a potential higher low forming above the demand zone. This move would represent the beginning of a bullish trend shift. If confirmed, SUI price could break above the nearby macro resistance level and begin establishing higher highs. Such a development would mark a departure from the previous bearish structure that has dominated the chart.

Read Also: Is a 100x Surge Still Possible for Onyxcoin This Bull Run? XCN Price Prediction

Image Source: X/Sjuul

The macro resistance level stands out as the line that needs to break for the pattern to change. A successful breakout may convert this resistance into a support level, allowing buyers to build further momentum.

SUI Volume Behavior and Trader Sentiment

While price movement continues to develop, volume levels and trader sentiment remain under observation. The squeeze pattern described by Sjuul reflects narrowing volatility, often a precursor to a larger directional move. Traders appear to be waiting for a confirmation candle to establish whether SUI’s next move will break the current trend.

For now, the chart remains neutral until confirmation of a structure change is observed. The coming sessions may offer more clarity, depending on how SUI price interacts with both the demand zone and macro resistance level.

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The post SUI Price Primed for Action? Expert Reveals What Needs to Happen Next appeared first on CaptainAltcoin.

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