SUI Technical Analysis on July 11, 2025: Trends and Key Levels

Technical analysis of SUI on July 11, 2025, covering resistance/support levels, indicators, and market trends.

The technical analysis of SUI on July 11, 2025, indicates a short-term bullish trend with signs of potential consolidation or correction. The current price of SUI is around $2.9716, reflecting a 0.74% decrease over the past 24 hours. This calm movement aligns with rising trading volume and positive momentum in the altcoin market, particularly driven by recent growth in SUI’s ecosystem and adoption of DeFi protocols. The 4-hour chart shows SUI forming a falling wedge pattern, which typically precedes a bullish breakout. Key resistance lies between $3.56 and $3.64, a significant zone due to multiple past price rejections and accumulated sell orders. A breakout above this resistance could push SUI toward $4.588. Conversely, key support levels are located around $2.70–$2.80 and $2.58, which could serve as potential reversal points. Technical indicators provide critical insights. The RSI is currently around 62, indicating moderate bullish momentum but not yet in overbought territory (above 70). This suggests SUI has room for further growth, though traders should watch for waning momentum. The MACD shows a bullish crossover, confirming short-term upward momentum, but a narrowing gap between MACD lines could signal impending consolidation. Price patterns play a vital role in the analysis. The 4-hour chart displays a falling wedge pattern, recently confirmed at $2.70, indicating buyer strength. However, a recent fakeout at $3.56 suggests high liquidity in this zone, potentially trapping traders. For traders, waiting for confirmation of reversal patterns, such as bullish engulfing candles or pin bars at support levels, offers a safer strategy. Trading volume reflects growing demand, consistent with recent developments in SUI’s ecosystem, including DeFi and stablecoin protocol advancements. However, the upcoming token unlocks could introduce selling pressure and should be monitored closely. Overall, SUI is in a short-term bullish phase, but traders should focus on key resistance and support levels. A prudent strategy involves waiting for confirmation of a breakout above $3.64 or a bounce from $2.70 support. Based on current data, a short-term bullish trend is likely, but consolidation or a pullback to $2.70 is also plausible.