SUI Technical Analysis on July 4, 2025: Market Trend Insights

Technical analysis of SUI on July 4, 2025, covering resistance, support, and indicators.

The technical analysis of SUI on July 4, 2025, suggests a cautious bullish trend dependent on several factors. SUI is currently trading around $2.9716, down approximately 0.74% over the past 24 hours. However, recent chart patterns and indicators point to short-term bullish potential, particularly if key support levels hold. Chart data shows SUI moving within an ascending channel on the daily timeframe, formed since early April 2025. On the 4-hour timeframe, the price is forming an ascending triangle pattern, which typically precedes a bullish breakout. The RSI stands at 53, indicating mild bullish momentum. The MACD has recently shown a bullish crossover, providing a positive signal for continued upward movement. Key resistance zones are located between $3.56 and $3.64, levels that have previously capped price advances. A breakout above this zone with high trading volume could activate a price target of $4.58. Conversely, major support zones lie between $2.70 and $2.80, with an additional strong support at $2.68, which could prevent further declines in case of a correction. Trading volume over the past 24 hours is approximately $1.2 billion, reflecting relatively high market activity. Price action analysis indicates SUI is nearing the apex of the ascending triangle on the 4-hour timeframe. A breakout above $3.64 could confirm the $4.58 target, while a breakdown may push prices toward $2.68. The 50-day simple moving average at $2.95 acts as dynamic support, while the 200-day moving average at $2.85 suggests a bullish long-term trend. From a market sentiment perspective, SUI benefits from strong community support and ongoing ecosystem development. Recent news about increased adoption of the SUI blockchain in DeFi projects and zero-knowledge proof technologies could bolster positive market sentiment. However, a bearish divergence on the RSI in the daily timeframe warns of potential correction risks. The short-term outlook for SUI is bullish, but holding the $2.70 support and increasing trading volume are critical for sustaining this trend. Traders should closely monitor key levels and indicator signals while practicing effective risk management.