SUI has captured trader attention with a clash between short-term consolidation and a long-term bullish thesis. While daily price action remains range-bound, a growing chorus of analysts points to a completed market cycle and powerful technical signals that could propel the token toward ambitious price levels.
On July 1, SUI continued to trade inside a familiar consolidation range with resistance at $0.713. A breakout above that level could open a path toward $0.74 and potentially $0.77, while failure to hold $0.60 might trigger a sharper decline. The Relative Strength Index sat at 40.64, signaling neutral conditions, but momentum and MACD both gave Buy signals, hinting at improving short-term strength despite a slightly negative Bull Bear Power reading.
Beyond the hourly noise, a more dramatic narrative has emerged. Market analysts have described SUI as entering a golden accumulation zone after the completion of a full market cycle. The setup, tracked on the weekly timeframe, is being linked to historical price behavior that could see SUI rally toward the $7.50 to $20 range if momentum returns. This target range would require strong demand, higher liquidity, and improved sentiment across the altcoin sector.
Central to this longer-term view are the weekly MACD and RSI indicators. Analyst Michaël van de Poppe noted that bullish divergences on both oscillators remain active at the start of the week. “The weekly timeframe is a large timeframe and therefore, these bullish divergences take a lot of time to be playing out. That’s fine, it’s a matter of patience,” he said. Such a divergence—where price weakens while momentum indicators improve—is often watched as a precursor to a trend reversal, though confirmation will require stronger price action above nearby resistance and broader market support from Bitcoin and altcoins.
Elsewhere, XRP reclaimed support at $1.045 and could target $1.057 and $1.07, while Cardano pushed above $0.149 resistance, setting up a potential move toward $0.153 and $0.156. Both assets exhibited neutral-to-bullish technical readings, adding to a cautiously optimistic tone across the market.
