SUI Poised for Major Upswing as Smart Money Accumulation Solidifies
SUI, the promising cryptocurrency, is signaling a significant shift in its market trajectory. After navigating a substantial correction from its 2024 highs, the digital asset has firmly reclaimed a crucial "smart money accumulation zone" on its weekly chart. This strategic positioning and stabilizing price action suggest that astute investors are laying the groundwork for a potentially robust upward movement in the near future.
Weekly Accumulation Zone Holds Strong Post-Correction
Leading crypto analysts, including Crypto Patel, highlight that SUI has effectively defended a high-timeframe accumulation zone, even after a notable downturn from its peak earlier in the year. This resilience suggests a market structure that is now leaning towards a re-accumulation phase, marked by discernible "smart money" involvement. Technically, several positive indicators have emerged: lower liquidity levels have been absorbed, and a significant weekly bullish order block between $1.50 and $1.30 has been completely filled. Furthermore, a fair value gap aligns with a demand zone, reinforcing the current support. Since reacting from this foundational region, SUI has already demonstrated a roughly 45% bounce, underscoring increasing bullish sentiment. The overall structure remains robust, with price action respecting a defined rising channel and a higher-timeframe bias gradually shifting upwards, indicating a potential end to the corrective phase and the start of a sustained recovery.
Structural Integrity Points to Future Growth
The Sui Community echoes this sentiment, emphasizing that recent price movements are not arbitrary but adhere to a clear, underlying structural framework. Following a complete high-timeframe correction, SUI has transitioned into a re-accumulation phase, with its price stabilizing within a well-defined weekly demand zone. This area is where smart money has shown renewed confidence, absorbing selling pressure. The community also referenced the previously identified $1.30-$1.50 entry zone, which has proven effective, yielding approximately 50% gains for early movers. The current outlook suggests a patient, weekly trading approach with an attractive asymmetric risk-to-reward profile. Provided the broader market structure remains intact, long-term upside targets are set at ambitious levels of $5, $10, and even $20. However, traders are cautioned that a weekly close below $1.20 could invalidate this bullish thesis.
