TLDR:

SUI price trades within a key $2.50–$2.90 support zone, showing signs of strong re-accumulation.
Weekly chart reveals higher highs and lows, supporting a long-term bullish trajectory
Analysts eye $4.83 as the next resistance, if SUI breaks above the re-accumulation range.
Trading volume surpasses $562M as interest builds around consolidation and breakout levels.

SUI’s price action lately has seen the token consolidate within a crucial support range. Amid a broader market recovery, several analysts are highlighting a re-accumulation zone that could set the stage for a breakout. 

The token, currently trading just under $3, has held firm despite recent market swings. Its technical setup is sparking comparisons to early-stage Solana movements. Momentum appears to be building as price action tightens between trendlines on higher timeframes.

SUI Price Re-Accumulation Zone Offers Buying Opportunity

According to a recent chart review shared by Crypto Patel, SUI is navigating a re-accumulation zone between $2.50 and $2.90. 

This region, identified by rising trendlines, has historically supported price rebounds. The token’s ability to hold within this zone has encouraged accumulation by traders expecting upside movement.

$SUI might be the next #Solana

I’m buying every big dip — especially below $2.50.
This re-accumulation zone won’t stay cheap for long.

Next pump? Could be legendary.

NFA. DYOR. pic.twitter.com/xRdVycqNIh

— Crypto Patel (@CryptoPatel) July 9, 2025

Patel referred to this region as undervalued territory, suggesting short-term pullbacks below $2.50 may not last. He emphasized that strong support also exists around $2.20, which could provide a safety net if selling pressure resumes.

Technical analysis on the weekly timeframe shows two parallel trendlines guiding SUI’s current trajectory. These trendlines frame a pattern of higher highs and higher lows. 

The price has consistently rebounded within these channels, suggesting an active bullish structure.

The token’s current movement is seen as a healthy consolidation phase. Holding above the lower boundary of the support range indicates that buying pressure remains present despite recent volatility.

SUI Targets Resistance Above $4.80

Looking ahead, traders are watching for a move toward the next resistance level near $4.83. 

$SUI: The price is still holding micro support that is located between $2.67 and $2.88. I am watching the yellow trend line as first upside breakout signal, but it would be a weak signal. As long as the price holds above $2.67 I will watch for signs that wave (c) of circle wave 3… pic.twitter.com/fN3f28vjeR

— More Crypto Online (@Morecryptoonl) July 8, 2025

If SUI continues to hold above $2.67, as noted by More Crypto Online, it may trigger the next wave in a larger diagonal formation. A breakout from the yellow trendline would be an early signal, although considered weaker than confirmation above the re-accumulation range.

Sustained price action in this zone could push the token toward higher resistance levels and possibly mirror previous patterns seen in Solana’s historic runs.

According to CoinGecko, SUI is trading at $2.93 after a 7.18% weekly gain. The 24-hour volume stands above $562 million, reflecting strong interest around current price levels. 

SUI price on CoinGecko

As long as the price stays above micro support at $2.67, the market appears positioned for the next phase. Analysts suggest monitoring of this level and breakout signals for confirmation of a broader rally.

 

The post SUI Price Holds Key Support, Could Mirror Solana’s Rally appeared first on Blockonomi.

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Filed under: Bitcoin - @ July 9, 2025 8:27 am