SUI has caught traders’ attention again after bouncing back from a key support zone within its current trading range. The SUI price rebound has sparked talk of a possible continuation, especially as it lines up with a familiar technical setup. Coinvo shared on X (formerly Twitter) that “SUI is bouncing perfectly from the equilibrium of the trading range,” calling it a “massive bullish sign” that’s got the community feeling more optimistic.
However, SUI just pulled back into a key Fibonacci zone, the kind many traders keep a close eye on. On the daily chart, the price pulled back to the 50% to 61.8% retracement zone, which sits between roughly $3.10 and $2.75. Traders commonly watch these levels because they tend to act as areas where price slows down or finds support within the bigger trend.
After dipping hard in early June, SUI price found support near the 50% retracement and started to recover. That level, often called the “equilibrium” of the range, is where traders usually watch to see if the market still holds a bullish structure during pullbacks. So far, that bounce has brought some renewed confidence, and people are now watching to see if momentum can carry it higher.
What you'll learn 👉
SUI Structural Trend Holds Amid Consolidation
Before this retracement, SUI price experienced a strong upward movement from mid-April through May. The trend included a steep rally followed by a period of sideways price action. This consolidation phase featured multiple peaks and troughs, suggesting the possibility of short-term distribution or position reshuffling by participants.
Despite the correction into June, the broader trend remains tilted to the upside. The current price action indicates a possible continuation if SUI maintains support above the retracement zone. The next area of resistance appears near the $3.70–$3.90 range, a level where past rallies have struggled to break through.
SUI Trading Sentiment and Market Reaction
Coinvo described the recent SUI price movement as a “massive bullish sign,” which reflects the sentiment shift observed after the bounce. Social media activity has amplified trader interest as market participants begin evaluating potential setups for re-entry. The reference to equilibrium indicates a technical awareness of fair value zones within established trading ranges.
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The bounce has also coincided with improved volume and renewed upward pressure, raising questions about the sustainability of the current move. Market observers will continue monitoring whether the asset can reclaim previous highs and confirm trend continuation through a breakout.
Furthermore, SUI price behavior near this Fibonacci zone suggests active interest at key support levels. Traders are now focusing on whether the token can sustain momentum and retest the upper boundary of the trading range. SUI stability above $3.10 may reinforce bullish momentum, while failure to hold above $2.75 could reopen lower levels.
Technical patterns indicate the potential for a re-accumulation phase. The next sessions could define whether this bounce marks the beginning of a sustained recovery or a short-lived reaction within a broader range.
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