SUI Consolidates Above $2.39–$2.85 Demand Zone Awaiting Bullish Breakout

SUI, a digital asset, is currently consolidating above the $2.39–$2.85 demand zone, indicating a potential accumulation phase. This price range has shown resilience, with the asset repeatedly finding support at these levels. Analysts suggest that a daily close above $2.85 could confirm a bullish reversal setup, potentially igniting a 44% rally toward the $4.31 supply zone.

Currently, SUI is trading at approximately $2.80, just below the critical $2.85 threshold. This indecision in the short term is closely monitored by traders. As long as SUI maintains support above $2.39, the setup remains valid for an upside continuation. Reclaiming the mid-range level at $3.83 is crucial for confirming a sustained upward move. This level aligns with a previous price consolidation, which may now act as a resistance zone. If bulls successfully push above $3.83, the next area of interest lies at $4.31, representing a potential supply zone where sellers could re-enter the market.

Another analyst noted that SUI is printing a falling wedge on the daily chart, a pattern often indicating a potential reversal, especially when combined with a retest of long-term moving averages. The EMA/MA365 has been identified as strong support levels during past upswings. Now that SUI is testing those same moving averages again, traders are watching for the formation of a higher low. A successful bounce from this level could open the door for a new all-time high if momentum builds.

SUI’s current structure remains in focus as it trades near the critical $2.85 resistance. If buyers push through and reclaim higher levels like $3.83, the market may attempt a move toward $4.31. However, failure to hold the demand zone could shift short-term sentiment back to caution. As volume remains strong and chart patterns align, all eyes are now on SUI’s next decisive move.