SUI Technical Analysis: July 12, 2025

Technical analysis of SUI on July 12, 2025, exploring support/resistance levels and indicators.

The technical analysis of SUI (SUI) on July 12, 2025, indicates a market with short-term bullish potential but a likelihood of retracement to support levels. Based on market data, SUI’s current price is approximately $2.9716, reflecting a 0.74% decline over the past 24 hours. This price is near a key resistance zone around $3.56 to $3.64, which has repeatedly blocked further upward movement. On the 4-hour timeframe, SUI displays a falling wedge pattern, typically a bullish reversal pattern, suggesting diminishing selling pressure and accumulating buying pressure at lower levels. However, a supply zone around $3.64 could trigger a liquidity grab and lead to a temporary pullback. The Relative Strength Index (RSI) is currently at 60, indicating bullish momentum but not yet in overbought territory (above 70). This suggests room for growth, though traders should monitor for signs of waning momentum. Key support levels are located between $2.72 and $2.80, which could act as a price floor during a correction. This zone aligns with a demand zone, making it an attractive entry point for buyers. If SUI breaks the $3.64 resistance with strong trading volume, the next target could be $5, aligning with the 1.618 Fibonacci level. The MACD indicator shows a bullish signal, with the MACD line above the signal line. However, trading volume has slightly decreased in recent days, which may indicate the need for further confirmation to sustain the uptrend. Traders should pay attention to SUI-related news, such as growth in the DeFi ecosystem or stablecoin adoption, as these can impact price. From a price pattern perspective, a double bottom pattern is observed on the daily timeframe, which could signal a long-term bullish trend. However, traders should wait for confirmation of a breakout from the falling wedge pattern in shorter timeframes to avoid potential price traps. Risk management using stop-loss orders below key support levels, such as $2.72, is highly recommended. Overall, SUI appears bullish in the short term, but traders should prepare for a possible pullback to $2.72. Continuous monitoring of indicators and price levels will aid in better decision-making.