Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. SUI is showing signs of strength as it defends the $3.50–$3.60 support zone, carving out a rounded bottom formation. With bullishmomentum slowly building, the altcoin eyes a potential 13% breakout toward $4.60 if the setup holds. SUI Holds Firm At $3.60: Signs Of Early Recovery Emerge
According to a recent X post, analyst Gemxbt shared his perspective on SUI’s 1-hour chart, pointing to signs of a potential recovery after the market found footing at the $3.60 support level. According to Gemxbt, the price has managed to stabilize, currently consolidating around $3.64, which suggests that buyers are beginning to show interest after the recent dip. Related Reading SUI Set Up For Another Leg? Analyst Forecasts $10 Target For Potential Breakout 6 days ago
Gemxbt further highlighted the moving averages, noting that the 5MA has crossed above the 10MA, a signal often associated with the early stages of bullish momentum. Adding to the technical picture, the Relative Strength Index ( RSI)has settled around the neutral 50 zone, reflecting a balance between buying and selling pressure. This signals that the market has yet to tilt decisively in favor of the bulls or bears, leaving room for volatility as traders wait for direction. SUI building strength for a breakout | Source: GemXBT on X
Finally, he noted that the Moving Average Convergence Divergence (MACD) had recently shown a bullish crossover, another encouraging sign of upward momentum. However, he cautioned that volume remains low, which makes it premature to call this a confirmed trend reversal. For now, the setup looks constructive, but further confirmation is needed before declaring that a stronger rally is underway. Rounded Bottom Formation Strengthens At $3.50–$3.55 Zone
In his recent 4-hour chart analysis postedon X, Ascend.sui drew attention to SUI’s current price structure, noting that the token is shaping a rounded bottom around the $3.50–$3.55 zone. This level has historically acted as a strong demand area, making it a critical foundation for any bullish momentum to build from. Related Reading Crypto Bears In Control: SUI Below Key MAs, FARTCOIN Forms Lower Lows—What’s Next? 3 weeks ago
He explained that if this base continues to hold, it could serve as the launchpad for a significant upside move. Based on his projections, a recoveryof more than 13% is possible, bringing its price near the $4.60 mark by late August, roughly within the next six days.
Ascend.sui also emphasized the strength of the bullish setup, describing it as a “stealthy formation” that could catch traders off guard. Still, he cautioned that confirmation is key.
For the pattern to fully validate, SUI would need to reclaim the $3.70 level with conviction. Once that level is cleared, the breakoutthesis gains stronger credibility, opening the path toward higher price targets. SUI trading at $3.6 on the 1D chart | Source: SUIUSDT on Tradingview.com Featured image from Adobe Stock, chart from Tradingview.com