Technical analysis by Phemex about Symbol SUI on 7/29/2025

Sui ( SUIUSDT.P ) has swiftly emerged as one of the most promising Layer 1 blockchains, well-known for its focus on scalability, high throughput, and developer-friendly infrastructure. Recently, Sui has attracted significant attention thanks to its growing DeFi ecosystem, strategic partnerships, and community enthusiasm. Over the past 2 weeks, SUI showed robust bullish activity, rising more than 30% to break key resistance around $4.3, and it’s now trading at around $3.9. The current price action indicates a potential continuation of bullish momentum, yet traders remain cautious about possible retracements and volatility. Let’s carefully examine a few likely scenarios for SUI and determine how traders can capitalize strategically. Possible Scenarios 1. Short-term Retracement (Healthy Pullback) Following the recent rapid price rise, SUI might experience a short-term correction toward previous resistance-turned-support near $3.6. A low-volume retracement to this level could represent a healthy pause before the next bullish leg. Pro Tips: Buying the Dip: Closely watch support around $3.6; a successful retest on lower volume could present an ideal buying opportunity. Volume Monitoring: Pay close attention to volume levels during the pullback—a low-volume dip indicates healthy profit-taking rather than bearish reversal. 2. Bullish Breakout (Pushing Higher!) If SUI maintains bullish momentum and successfully holds above recent support around $3.8, it may continue to target higher resistance levels. Strong buying volume accompanying further gains could send SUI towards key resistance zones around $5.0 and potentially breaking previous all-time-high $5.37. Pro Tips: Entry Signals: Consider buying positions on a high-volume breakout confirmation above $4.45, signaling bullish continuation. Profit Targets: Plan partial profit-taking around $5.0 and $5.37 resistance zones to lock in gains. 3. Bearish Scenario (Deeper Correction) If broader market sentiment turns negative or if buying volume significantly weakens, SUI could break below $3.6, signaling bearish pressure. In this scenario, deeper corrections towards support levels at $2.8 or potentially $2.3 may occur. Pro Tips: Short Opportunities: Experienced traders could consider shorting or reducing exposure if SUI decisively breaks below the key $3.6 support level on increased selling volume. Accumulation Strategy: Long-term investors can strategically accumulate positions near stronger support zones around $2.8 and $2.3 after confirming price stabilization. Conclusion Sui (SUI) currently offers compelling trading opportunities driven by recent bullish activity and increasing ecosystem growth. Traders should stay alert for critical breakout levels ($4.45) and monitor essential support areas ($3.6) closely. By applying disciplined trading approaches, setting clear profit targets, and managing risk prudently, traders can navigate SUI’s volatility with greater confidence and potentially maximize gains. 🔥 Tips: Armed Your Trading Arsenal with advanced tools like multiple watchlists, basket orders, and real-time strategy adjustments at Phemex. Our USDT-based scaled orders give you precise control over your risk, while iceberg orders provide stealthy execution. Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.