- SUI rebounded above $0.74 and approached $0.78, putting the key $0.78-$0.80 resistance zone in focus.
- A daily TD Sequential buy signal and positive MACD support the bullish setup, while RSI remains below overbought levels.
- Analysts see $0.67 as a potential re-entry zone, while support around $0.76 and $0.74 could help sustain the rebound.
SUI has rebounded from recent lows as analysts Ali Charts and Lennaert Snyder track its next move. Ali Charts cited a daily TD Sequential buy signal, while Snyder identified $0.67 as a possible re-entry zone. Meanwhile, SUI climbed above $0.74 on September 3 before approaching $0.78.
SUI Rebound Tests Resistance After Sharp Pullback
Ali Charts said the TD Sequential indicator flashed a buy signal on SUI’s daily chart. According to the analyst, the signal could precede one to four daily candles of gains. However, Ali Charts also said the indicator could begin a new bullish countdown.
The analyst is watching for a possible rally to develop. Snyder said SUI reached his previous long target before entering consolidation around the middle of its range. He previously captured a 7% move toward the range high.
According to Snyder, Bitcoin’s reaction to hawkish news also pushed altcoins lower. Therefore, he is watching liquid altcoins such as SUI during the pullback.
Key Levels Shape SUI’s Next Move
SUI recently fell from roughly $0.78-$0.79 toward $0.71-$0.72. Buyers then defended the lower area, helping price recover sharply. On September 3, SUI moved above $0.74 and later cleared $0.76. It briefly approached $0.78 before consolidating around $0.77.
The latest candle shows SUI at about $0.7710, up 0.77%. Its open was $0.7651, while the high reached $0.7774. Trading volume is near 5.21 million SUI. Notably, stronger volume accompanied the latest upward move.
Momentum Indicators Keep The Bullish Setup Intact
The immediate resistance is around $0.78-$0.80. A break above $0.78 could put $0.80 within reach. Support now appears around $0.760 and $0.740. Stronger support remains between $0.720 and $0.710.
The RSI is at 66.60, with its average at 65.95. However, the reading remains below the typical 70 overbought level. The MACD line is at 0.0127 against a 0.0096 signal line. Its positive histogram reads 0.0032.
Snyder said reclaiming the mid-range could allow another move toward the range high. Meanwhile, a return toward $0.67 could offer his stated re-entry area.