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Will SUI rise again? technical analysis

2026-08-01 00:26:04
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Since May, SUI has attracted attention due to its strong ecosystem development and growing user attention. Recently, in the positive atmosphere of the market, it has successfully regained the attention of investors. Especially in the DeFi field, the increase in the number of locked assets, the addition of new projects, and the continued growth of the developer ecosystem have made SUI stand out not only based on price trends, but also through fundamental data.

Recently announced partnerships and an increase in online transaction volume indicate that the market is growing confidence in the ecosystem. In addition, if Bitcoin remains strong, funds may continue to flow to high-potential Layer-1 projects, which also creates a favorable situation for SUI. The gradual increase in institutional interest and continued improvement of network technology infrastructure are also factors supporting its long-term prospects.

Possible sharp fluctuations in the overall market in the short term will also affect SUI. However, as long as its ecosystem continues to grow and the number of users continues to grow, a pullback may be seen as an opportunity by many investors. In the future, the announcement of new projects on the Internet, the growth of DeFi and potential major collaborations will be the most noteworthy events affecting SUI's performance.

From a technical perspective: SUI/USDT trading pairs 4-hour charts. After absorbing bottom liquidity, SUI began to rise, then formed a horizontal consolidation range, and continued to fluctuate within this range. After about 15 days of operating in the region, it broke below the support level of $0.7050 and began trading below that level. Although prices may retreat to the $0.66 region again, current trends suggest that this is not needed for the time being. If enough liquidity is collected at current levels, we may see another strong rebound from here. Currently, the US$0.7050 area that previously served as support has turned into resistance. If the closing price stands above this level, it means that the price action below $0.7050 is just a manipulation. Under such circumstances, market confidence is expected to strengthen again and buyer power will also be enhanced. Once the manipulation is confirmed, the first target area for the price will be $0.79.

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