SUI Technical Analysis: Market Trends in 11 of June 2025

Technical analysis of SUI on June 11, 2025, evaluates key support/resistance levels and indicators to forecast market trends.

As of June 11, 2025, SUI is trading at approximately $3.28, consolidating after peaking at $5.36 earlier in 2025. SUI’s next-generation, scalable blockchain, developed by Mysten Labs, has positioned it as a prominent project in the crypto market. Technical analysis indicates a long-term bullish structure, supported by an ascending channel in monthly timeframes. In the short term, the price is oscillating within a consolidation range between $2.7 and $3.8. The key resistance zone lies between $3.8 and $4.2, where recent selling pressure has been observed. A breakout above this level could drive the price toward $5.35. Key support levels are found between $2.7 and $2.9, aligned with fair value gaps (FVG) in the 4-hour timeframe. This zone has previously acted as strong demand and could prevent further declines. Should this support fail, the next level is around $1.94. The Relative Strength Index (RSI) on the daily chart is at 46, indicating neutral conditions. Bollinger Bands show price compression, with the current price near the midline (20-day moving average), suggesting a lack of strong momentum. The 50-day and 200-day moving averages (MA50 and MA200) are converging, with MA50 acting as dynamic support around $3.0. A symmetrical triangle pattern is visible on the daily timeframe, signaling a potential continuation of the uptrend if the $3.8 resistance is breached. Declining trading volume in this consolidation range suggests the market is awaiting a catalyst. Traders should monitor for a volume spike to confirm a breakout. In Elliott Wave analysis, SUI may be completing a corrective wave, with the next bullish wave potentially pushing prices toward $9.5–$12. Network upgrades and increased adoption could serve as bullish catalysts. However, the crypto market is heavily influenced by external factors like monetary policies and geopolitical news. Overall, SUI may face a short-term correction toward $2.7, but its medium- to long-term outlook remains bullish. Traders should closely monitor key levels and indicators for precise decision-making.