SUI Technical Analysis: Market Outlook on July 7, 2025

Technical analysis of SUI on July 7, 2025, exploring support/resistance zones, indicators, and trends.

As of July 7, 2025, SUI is trading around $2.9716, with a slight 0.74% decline in the past 24 hours. The market is currently in a consolidation phase with a bullish bias, as traders seek signals for the next price move. This technical analysis explores key support and resistance zones, common indicators, and the overall market trend. Support and Resistance Zones The key support zone for SUI lies between $2.86 and $2.88. This range has recently acted as a strong demand zone, with the price bouncing multiple times after touching this level. On the other hand, the main resistance is observed between $2.93 and $3.11, aligning with recent highs from June 2025. A breakout above this resistance could push SUI toward higher targets like $3.54 or even $4.00. Indicator Analysis The Relative Strength Index (RSI) on the daily timeframe is between 50 and 55, indicating mild bullish momentum. On the 4-hour chart, RSI is at 52, suggesting a relative balance between buyers and sellers but not yet approaching the overbought region (above 70). The MACD indicator is showing a bullish crossover, which could signal strengthening upward momentum. The Williams %R indicator, at -48, is in neutral territory, supporting the potential for continued upward movement. Moving averages (EMA/SMA) confirm a long-term bullish trend. The 50-day moving average remains above the 200-day moving average, signaling sustained upward momentum. The price recently bounced off the 50-day moving average as dynamic support, a positive sign for buyers. Price Pattern Analysis SUI is currently moving within an ascending triangle pattern on the daily timeframe, recently bouncing from the triangle’s lower bound around $2.86. This pattern often leads to a bullish breakout. Some analysts have noted a potential double-bottom pattern on the 4-hour chart, which could signal a bullish reversal. However, if the $2.86 support breaks, a correction to $2.50 or even $2.45 is possible. Potential Scenarios Bullish Scenario: If SUI consolidates above $3.11 with increased trading volume (over 20% above the 20-day average), it could target $3.54 or $4.00. Bearish Scenario: A break below $2.86 could see sellers take control, pushing the price toward $2.50 or $2.45. Conclusion Based on current data, SUI is in a short-term bullish trend, but breaking the $3.11 resistance is crucial for a stronger upward move. Fundamental factors, such as growth in SUI’s DeFi and stablecoin ecosystem, could bolster the bullish trend. Traders should closely monitor key support and resistance zones and await confirmation from indicators and price patterns.