Sui is trading at a major high timeframe support region with multiple technical confluences in its favor. As price compresses and volume fades, all eyes are on this level for a potential macro reversal. Will buyers step in, or will this structure break down?
Sui (SUI) is currently positioned at a decisive support zone on the higher timeframes. This area is backed by strong confluence, including the point of control from VWAP, daily support, and weekly support—all aligning to create a high-probability trade location. With volume tapering off and the structure showing signs of compression, this may be the calm before a significant move.
Key technical points
- Multi-Level HTF Support: Confluence of VWAP POC, daily support, and weekly support strengthens the zone.
- Volume Decline Signals Breakout Setup: Decreasing volume suggests consolidation is nearing resolution.
- Double Bottom Potential: A successful retest here could confirm a reversal structure on the high timeframe.
The current support zone combines several high-timeframe levels, including the VWAP point of control and both daily and weekly support/resistance lines. Price has been respecting this region for some time, suggesting that market participants see it as a key decision point. This type of technical clustering is often a catalyst for major directional moves.
Price action has been forming consecutive lower highs and lower lows, but the pace of decline is clearly slowing. This loss in momentum, coupled with declining volume, typically signals a period of consolidation that precedes expansion. The volume profile shows a tightening range, indicating that buyers and sellers are currently in equilibrium, for now.
If this support holds and the next retest is defended, it could lead to the formation of a high-timeframe double bottom, a well-known reversal structure. However, confirmation will come only with a breakout above the local range high, ideally supported by a clear increase in volume. Without that, this remains a consolidation range, and the risk of breakdown still exists.
What’s next for Sui price?
As long as SUI consolidates above this support zone, the probability of a bullish breakout remains in play. Traders should watch for a sharp increase in volume, as this would signal the beginning of a new directional leg, potentially ending the current downtrend. Failure to hold this level, however, would invalidate the bullish thesis and could open the door to deeper downside targets.
