SUI Consolidation Points to $1.56 Recovery Target

SUI's price action is coiling. After recent volatility, the asset has entered a tight consolidation phase—a classic springboard setup.

The Technical Squeeze

Markets hate uncertainty more than bad news. Right now, SUI is compressing that uncertainty into a narrowing price range. Every major move starts with this kind of quiet. The chart isn't sleeping; it's loading.

Reading the Tape

Consolidation this tight post-movement isn't a sign of weakness—it's accumulation. It suggests the sell-off exhausted itself and stronger hands are stepping in, building a base for the next leg. The $1.56 level isn't just a random number; it's the logical next resistance, the line in the sand the bulls need to reclaim.

The Path Forward

Watch for a decisive break above the consolidation's upper boundary on increasing volume. That's the signal. It would confirm the balance of power has shifted and open a clear runway toward that $1.56 target. Miss that cue, and you're just another retail trader guessing—the kind that keeps hedge fund managers in vintage champagne.

Markets reward patience, but only when paired with precise action. SUI's setup is offering both. The spring is wound; the only question is when it releases.

SUI Shows Signs Of Recovery

SUI is stabilizing after a negative trend. Price has risen above short-term support around the level of $1.40. The chart displays slower selling pressure and tightening price movements, which show early stabilization.

A prolonged stability above the support WOULD favor continued recovery to $1.56. This is in light of weeks of lower highs and diminishing momentum.

The recent candles display lower volatility. This is an indication of accumulation and not distribution.

BitGuru analysts say that the token is reclaiming surrounding resistance that would enhance confidence in a recovery. The first positive zone will be at $1.47, and the second at $1.56 if there is stronger momentum.

Source: X

 Recovery Momentum Is Improving Around The Support Zone

Fibonacci levels indicate probable recovery movements. The token price remains on the lower half of the Fibonacci structure and stabilizes in a neutral zone. These zones assist traders in determining whether the trend will persist.

The lower point of recovery at the chart is approximately at $1.47. When the price goes close to this point, the buyers may push the price to hit a point of $1.56.

This is the same rejection zone as it was before, but it is the central target at the present time. The price is also intersecting the session VWAP, as it points out that the consolidation area is an essential momentum area.

Source: TradingView

The Resistance Areas Will Be Key To Recovery

In the 4-hour chart, the price of sui is below various exponential moving averages (EMAs). The 20, 50, 100, and 200-EMA are over the present price and are the ones forming resistance. The token needs to overcome this zone to achieve greater targets.

The current trend is negative. However, the convergence at the support zone shows less selling pressure. Still, the price must maintain this position even during a weak trend before it can make a higher move.

There is a rebound opportunity with the base of consolidation. Later sessions will indicate buyers’ ability to push the token to new price highs.

Source: TradingView