SUI is approaching the critical sharp money zone, and the price action signals that gigantic moves could be on the horizon. Sustained trading above $2 could trigger: breakoutsetting the stage for the next significant stage above.

SUI reaches large-scale entry stage

Crypto analyst Crypto Patel recently poststressed that SUI is at the same stage where gigantic money usually comes into the market and urges investors not to miss this opportunity. According to the weekly chart, the long-term uptrend channel remains intact and the price is currently near a sell-side liquidity takeover near trendline support, signaling potential accumulation.

Related Reading: SUI Regains Key Support – Will $2.35 Be the Next Target?

The chart also shows mighty weekly demand and a bullish order block between $1.15 and $0.80, indicating that market the structure could become very bullish if SUI overcomes resistance on higher time frames. The current phase of compression is a classic expansion setup, which means the market is preparing for a potential breakout.

Crypto Patel highlighted that sharp money tends to buy during compression, while retail traders often enter the market after a move is confirmed. If the breakout is confirmed, projected targets for SUI are $5, $10, and $20, which illustrates potential the scale of the next trend. As Crypto Patel put it: “This is how great trends are built, slowly and then suddenly. Liquidity is cleared, demand is active, and patience is rewarded.”

Price trading around $1.28

Altcoinpedia scratched that SUI is currently trading at around $1.28, which serves as an anchor for short-term market analysis. Price structure indicates ongoing consolidation above support near $1.50, while resistance is seen near $2.00. This setup reflects the extent of tightening as buyers and sellers rebalance, suggesting a decisive move is imminent.

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Price oscillations in this range highlight that continued volume growth above $2.00 could result in another part of the trend towards $2.50. Conversely, failure to break this resistance, especially on failing volume, increases the likelihood of a retest of the $1.50 support. If this level is not maintained, the price may continue to decline towards $1.20.

Momentum is currently neutral, reflecting market indecision. In bullish scenario, a spotless break above USD 2.00, confirmed by momentum indicators, would mean a continuation of the trend. On the other hand, breaking support on high volume may enhance selling pressure and confirm a bearish scenario.

Traders are advised to exploit key range boundaries for entries and exits, managing risk around both support and resistance levels. For long-term investors, it is wiser to wait for a decisive breakout from the current consolidation, which would give a clearer signal about the direction of the trend and reduce the risk of false moves in the neutral range.

Featured image from Medium, chart from Tradingview.com