SUI is showing a series of bullish technical signals after a deep drawdown, with its weekly Parabolic SAR flipping positive following an 83% decline. The token is trading near $0.967 after briefly reaching about $1.05, and it remains up more than 30% over the past seven days and about 18% over the past 30 days, despite a roughly 5% pullback over the last 24 hours.
According to analyst Ali Charts, the weekly Parabolic SAR dots have moved below price, which is interpreted as a shift from a downtrend toward a new uptrend. The move follows a difficult stretch in June and July, when SUI traded between roughly $0.65 and $0.80 after falling from about $1.40 in mid-May. The structure began to improve in August, when SUI reclaimed $0.90 with stronger volume, followed by further gains in September.
SUI is also holding above its 50-day moving average near $0.869 and its 200-day moving average near $0.791. The 50-day average has turned upward, reinforcing the bullish bias. Key support is now seen in the $0.87–$0.90 area, with deeper support at $0.79. On the upside, $1.00 is the immediate psychological level, while $1.02–$1.05 is the latest resistance area. Analysts are watching $1.16 and $1.40 as higher targets if the breakout continues.
Analyst Investor Jordan noted buyers appeared near one-week support after SUI’s latest drop, but said SUI has lost its 9/21-day moving averages, which could act as resistance. He still expects SUI to reach above $2 soon. Michael van de Poppe described SUI as remaining in consolidation with a possible short correction, while identifying $1.16 and $1.40 as levels that could be tested.
A separate chart analysis highlighted a massive double bottom pattern, with SUI defending the $0.55–$0.60 zone for the second time and then breaking out toward $0.90. The expert behind that view described the structure as bullish on every timeframe up to the weekly and projected a potential move toward $5. The path includes flipping resistance at $1.41 and $1.92, with weekly closes above $1.10 opening targets at $1.30–$1.50, $1.75–$2.00, and $2.10–$2.40. Above that, $3.20–$3.60 and $4.10–$4.50 would become the larger battlegrounds, with a final barrier around $5.10–$5.40 before new all-time highs.
