SUI is entering a decisive phase on the weekly timeframe, with technical analysis pointing to a potential fakeout scenario. The entire narrative depends on the token's ability to close a weekly candle back above a thick green demand zone, a level that has historically defined its bullish structure. According to analyst Bitcoinsensus, a clean reclaim of this zone would invalidate the recent breakdown and flip the structure decisively bullish again.
The roadmap outlined is clear: reclaim the green zone to restore bullish structure, secure a weekly close above it for trend confirmation, and then break and hold above the dotted resistance line to open a path toward $2.50+. Historically, SUI has been known to rally aggressively once it clears trapped liquidity from failed breakdowns.
In the short term, the 2-hour chart shows SUI consolidating after recent volatility, trading in a tighter range between $1.58 and $1.63. Volume has cooled, indicating seller momentum is waning, though buyers have yet to show strong initiative. This sideways action typically precedes either a rotation back for a deeper retest of the weekly green zone or a swift push toward local resistance if bulls step in. Key intraday levels include support at $1.55–$1.58, short-term resistance at $1.65–$1.68, with a breakout pivot at a close above $1.70.
Concurrently, a separate analysis highlights the formation of a fresh demand zone on the 1-hour chart following a sharp rally from around $1.45. The price, currently near $1.58, is holding above this new zone, with buyers showing renewed activity and maintaining the price above $1.55. The chart shows a clear progression: a long consolidation, a rapid decline, a sharp "bullish beauty" rally that created a wide green block, and now a period of sideways drift within a new demand zone. The alignment between the weekly fakeout structure and intraday stabilization suggests the market is preparing for a significant directional move.
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