The SUI price is back in focus, and this time it’s not because of a quick spike or social hype. A weekly chart shared by Crypto Patel is getting a lot of attention because it shows something more structural, not something driven by short-term excitement.
This is the kind of setup that tends to form quietly, long before price starts making headlines. It’s not about what SUI does tomorrow or whether it moves a few cents from $1.22 to $1.30. It’s about where the SUI price is sitting right now in the bigger picture.
What you'll learn 👉
The Larger Trend Structure for SUI Remains Intact
On the weekly chart shared by Patel, the SUI price is still moving inside a clear ascending channel that has been respected for an extended period.
Every major pullback has found support near the lower boundary of that channel, followed by strong rebounds that pushed the price higher again, often by multiples from those lows.
The latest drop fits that pattern almost perfectly. The SUI price rolled over from its prior highs near the $4.80–$5.00 area and slid straight back into trendline support.
That support zone overlaps with the $1.10 to $1.30 area which has acted as a decision point before. Once again, the price did not collapse through it. As long as the SUI price stays inside this channel, the broader structure remains intact.
A Classic SUI Liquidity Flush Into Demand
One detail that stands out is how the recent downside move unfolded. The SUI price dipped below prior weekly lows, briefly trading under $1.20 and sweeping sell-side liquidity.
Stops were triggered, weak positions were forced out, and price was pushed directly into a clearly defined weekly demand area between roughly $1.15 and $0.80. That zone matters. It’s where buyers previously stepped in aggressively, and the reaction this time shows that demand hasn’t disappeared.
After tagging that zone, downside pressure slowed and the SUI price began stabilizing back above $1.20. This is often the phase where stronger hands start positioning, even though price action still looks uneven and unconvincing on the surface.
Compression Below a Key Ceiling
Above current levels, the SUI price is capped by a higher-timeframe resistance zone that has rejected price multiple times, most notably near the $4.00 to $4.80 range. With rising support underneath and resistance overhead, price is compressing into a tighter range between roughly $1.20 and that upper boundary.
Compression like this doesn’t last forever. When it resolves, it often does so quickly. If the SUI price breaks and holds above that resistance zone, the weekly structure turns decisively bullish. Until then, the market remains in waiting mode, and chasing early moves tends to come with risk.
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What’s Next for SUI?
The projected targets of $5, $10, and $20 are tied to a confirmed breakout, not the current range near $1.22. Those levels line up with extensions inside the broader channel and prior expansion zones. Reaching them would require clear acceptance above resistance and sustained follow-through.
For now, the SUI price is sitting at a crossroads. Demand is active, structure hasn’t failed, and compression is tightening. This is often how larger moves begin, slowly, quietly, and without much excitement. The real question isn’t whether SUI moves eventually. It’s whether traders are patient enough to wait for the SUI price to prove it.
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