SUI To Climb Higher? Technical Signals Point Toward Rebound

Sui (SUI) is currently displaying a potential reversal in bearish momentum as it forms a Bearish Bat harmonic pattern on the 4-hour chart. The pattern suggests buyers may take control as the price tests key resistance levels. Meanwhile, SUI faces broader market pressure from a wave of token unlocks totaling over $585 million this week, which could influence near-term volatility according to market analysis. Investors are monitoring whether liquidity and market sentiment can absorb the additional supply without triggering a significant sell-off.

The Bearish Bat pattern is emerging with clear structure. The formation started at a high of around $1.728, followed by a sharp decline to a low at $1.35. Since then, SUI has shown a steady recovery, trading near $1.49 and testing the 50-period moving average on the 4-hour chart. Technical analysts note that a sustained move above this level could confirm the pattern's bullish implications. If SUI continues to hold above $1.43, the Potential Reversal Zone (PRZ) projects a possible move toward $1.6826 and $1.7283, representing a potential 15% upside from current levels.

How might SUI perform in the coming sessions? SUI's price action indicates that buyers have been increasingly active at lower levels, reducing the likelihood of a sharp pullback. The 50-hour moving average has also become a key psychological barrier for the asset. A breakout above $1.51 would not only validate the Bearish Bat pattern but also suggest that SUI could continue its upward trend. Traders are watching for signs of strength in on-chain data and volume to confirm this reversal.

What are the broader market dynamics affecting SUI? A wave of token unlocks this week includes several major projects, with SUI among them. The total value of these unlocks is more than $585 million, testing the market's ability to absorb new supply without triggering a sell-off. While this could create near-term volatility, a strong fundamental base and active community may help offset selling pressure, especially in a generally bullish market. Market participants are advised to closely monitor liquidity levels and project activity as key indicators of SUI's potential resilience.

SUI's technical outlook remains cautiously optimistic. As long as key support levels are defended, the harmonic pattern suggests a potential continuation toward higher resistance. Investors are advised to watch for a decisive break above the $1.51 mark on the 4-hour chart, which could signal a broader reversal. Meanwhile, the token unlocks present an important test for the market's depth and liquidity. If SUI can navigate these events without a significant drop, it may gain renewed momentum as buyers look to accumulate at lower prices.