SUI Technical Analysis on July 10, 2025: Market Outlook

Technical analysis of SUI on July 10, 2025, covering resistance, support, and indicators.

As of July 10, 2025, SUI is trading at approximately $2.9716, in a short-term consolidation phase with long-term bullish signs visible. This technical analysis examines the current market state, key resistance and support zones, and major indicators. Price Trend and Market Structure Analysis After peaking at $4.2967 in January 2025, SUI entered a consolidation phase, fluctuating between $2.70 and $3.15. This price action suggests accumulation for the next major move. Daily and 4-hour charts show bullish patterns, such as higher lows, indicating sustained buyer interest. However, resistance at $3.15, aligning with the 200-day moving average, has capped further upside. Resistance and Support Zones The key resistance zone is around $3.15, which has rejected the price multiple times. A high-volume breakout (over 30% above the 20-day average) could target $3.56, consistent with the 0.618 Fibonacci level. On the support side, $2.88 has acted as a strong demand zone, with $2.70 as the next critical support. These levels could prevent further declines if the price pulls back. Technical Indicators The RSI on the daily timeframe is at 52, indicating a neutral to bullish state. This suggests room for upward movement without being overbought. The MACD shows signs of bullish momentum, but declining trading volume in recent days indicates trader caution. The 50-day moving average at around $2.95 acts as a key dynamic level. Price Pattern Analysis SUI’s daily chart shows an ascending triangle, with the price approaching the upper resistance line. A high-volume breakout could trigger a new bullish wave. From an Elliott Wave perspective, SUI may be in the third wave of a larger bullish cycle, potentially leading to significant gains. A double bottom pattern is also forming on the weekly timeframe, signaling long-term bullish potential. Risks and Scenarios Bullish Scenario: If SUI holds the $2.88 support and breaks the $3.15 resistance, it could target $3.56 and potentially $4.1152 by the end of summer 2025. Bearish Scenario: A break below $2.88 could lead to a drop to $2.70 or even $2.50, signaling a deeper correction. Conclusion SUI is currently in a short-term consolidation phase but shows long-term bullish potential. Traders should monitor volume and price action at the key $3.15 and $2.88 levels. Breaking the $3.15 resistance could spark a new bullish wave, while holding the $2.88 support is crucial for the bullish outlook.