SUI is entering a decisive phase on the weekly timeframe, where price action suggests a possible fakeout, but only if buyers can reclaim a major support region highlighted by Bitcoinsensus. The chart points to the thick green demand zone, a level that has defined bullish structure across previous cycles. According to the analysis, the entire fakeout narrative hinges on SUI’s ability to close a weekly candle back above that green band.
If this happens, the structure flips decisively bullish again. A clean reclaim would invalidate the recent breakdown and set the stage for a higher-timeframe expansion. The analyst notes a clear roadmap:
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Reclaim the green zone → bullish structure restored.
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Weekly close above it → trend confirmation.
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Break & hold above the dotted resistance line → room for a move toward $2.50+.
The Chart Shows Stabilization After Recent Volatility
The short-term TradingView 2-hour chart shows SUI consolidating after a volatile stretch. Following the sharp rebound above $1.60 earlier this week, the market has settled into a tighter range between $1.58–$1.63.
Volume has cooled, indicating that sellers are losing momentum. However, buyers have not yet demonstrated strong initiative. This sideways action typically precedes one of two outcomes:
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A rotation back into the weekly green zone for a deeper retest, or
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A swift push toward local resistance if bulls step in.
Key intraday levels now visible on the chart include:
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Support: $1.55 – $1.58
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Short-term resistance: $1.65 – $1.68
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Breakout pivot: A close above $1.70 would align the lower timeframe trend with the weekly bullish setup.
The alignment between the weekly fakeout structure and intraday stabilization suggests the market is preparing for a directional move.
What Comes Next
If SUI confirms the weekly reclaim and breaks the major resistance above, the path toward $2.50+ opens quickly, as shown on the Bitcoinsensus projection. Historically, SUI rallies aggressively once it clears trapped liquidity from failed breakdowns.
On the flip side, failure to reclaim the green zone keeps downside risk active and forces SUI back into its broader accumulation channel.
For now, all eyes remain on whether the weekly candle can reclaim support – the level that decides whether this is a fakeout or the start of a deeper corrective phase.