SUI Technical Analysis: Market Outlook on July 9, 2025

Technical analysis of SUI on July 9, 2025, exploring key support/resistance and indicators.

As of July 9, 2025, SUI is trading around $3.8, maintaining a mildly bullish trend. Analyzing the daily timeframe chart, SUI has recently broken above a key resistance level at $3.6 after consolidating between $3.3 and $3.5. This breakout was accompanied by an increase in trading volume, indicating new buyer interest. The next resistance zone lies around $4.1 to $4.3, which has historically acted as a strong barrier. Technical analysis shows that SUI is moving within a short-term ascending channel. The channel’s midline at around $3.6 has served as dynamic support, with the price recently bouncing from this level. The primary support zone lies between $3.5 and $3.6, aligning with the 38.2% Fibonacci retracement level. This zone has previously acted as a strong demand area and could prevent further declines if a correction occurs. The RSI indicator on the daily timeframe is around 55, indicating mildly bullish conditions. This suggests the market is not yet overbought, leaving room for further growth. The MACD indicator showed a bullish crossover in recent days, supporting the potential for continued upward movement. Trading volume has increased recently, signaling strengthening bullish momentum. However, sustained higher volume is needed to confirm the breakout above $4.1 and prevent a pullback below this level. If the price stabilizes above $4.1, the next target could be the $4.5 to $5 range. From a price pattern perspective, an ascending triangle pattern is visible on the 4-hour timeframe, suggesting potential for continued upward movement. This pattern formed after a period of consolidation, and a breakout above its upper trendline could lead to further price gains. The pattern’s price target is around $4.5. However, risks remain. If SUI fails to break the $4.1 resistance, a pullback toward the $3.5 support zone is possible. Fundamental factors, such as SUI ecosystem developments, increased activity in DeFi and stablecoin sectors, and broader crypto market trends, could also influence price action. Traders should employ proper risk management strategies. Overall, SUI’s current outlook is bullish, but traders should closely monitor volume changes and price behavior around the $4.1 resistance zone.