SUI Technical Analysis: Market Outlook for June 10, 2025

Technical analysis of SUI on June 10, 2025, covering support/resistance zones and indicators.

The technical analysis of SUI on June 10, 2025, indicates a market with strong growth potential, driven by positive sentiment in the cryptocurrency market and advancements in the SUI blockchain. Currently, SUI is trading around $3.4158, reflecting a 0.79% decrease from the previous day. However, signs of a short-term bullish move are emerging, encouraging traders to reassess their strategies. **Support and Resistance Zones** The key resistance zone for SUI lies between $4.588 and $4.714. This level has recently acted as a strong price ceiling, repeatedly halting upward momentum. A breakout above this zone could propel SUI toward $5.3687 or even $7.56. On the downside, the primary support zone is between $3.0452 and $3.20, which has served as a solid price floor, preventing further declines. Should this support fail, the next level to watch is around $2.7 to $2.8. **Technical Indicators** The Relative Strength Index (RSI) on the daily timeframe stands at 46.494, indicating neutral conditions with a bullish bias. This level suggests the market is neither overbought nor oversold, leaving room for growth. The 50-day moving average (MA50) is around $3.3, while the 200-day moving average (MA200) is near $2.9. The price is currently above both moving averages, supporting a mid-term bullish outlook. The MACD, with a value of -0.196, shows a neutral signal, but signs of increasing bullish momentum are forming. **Price Pattern Analysis** On the daily timeframe, SUI is forming a Channel Up pattern, typically a sign of bullish continuation. The price is currently near the midline of this channel, and a breakout above the $4.588 resistance could confirm this pattern. On the 4-hour timeframe, a symmetrical triangle pattern is observed, which often precedes a significant price move. A recent increase in trading volume also indicates growing trader interest in this asset. **Market Outlook and Recommendations** Based on current data, SUI is likely to experience a mild bullish move toward $4.588 in the short term. Traders should closely monitor the $4.588 to $4.714 resistance zone, as a breakout could trigger a strong bullish rally toward $7.56 or higher. If a price correction occurs, the $3.0452 level could provide a buying opportunity at lower prices. Risk management is critical in this volatile market, and setting stop-loss orders is highly recommended. In the mid-term, SUI retains strong bullish potential, with the possibility of reaching levels like $9.5 to $12, supported by market structure and growing adoption of the SUI blockchain in scalable and decentralized projects. Fundamental factors, such as high transaction speeds and scalability of the SUI network, further bolster this outlook.