SUI's Price Remains at Crucial Support Level, Potentially Imitating Solana's Uptrend
The SUI token, reminiscent of early-stage Solana movements, has shown signs of strong re-accumulation and is currently trading at $2.93 after a 7.18% weekly gain. According to technical analysis on the weekly timeframe, two parallel trendlines are guiding SUI's current trajectory, indicating a pattern of higher highs and higher lows.
The SUI price currently trades within a key support zone of $2.50-$2.90, with the token holding firm despite recent market swings. Crypto analyst Crypto Patel identifies this re-accumulation zone as undervalued territory, suggesting that investors are accumulating at these levels before the next move.
The token's current movement is a healthy consolidation phase, as indicated by the 24-hour volume standing above $562 million. Analysts suggest monitoring this level and breakout signals for confirmation of a broader rally.
The technical setup of SUI is being closely watched for potential resistance levels. If SUI breaks above the re-accumulation range, analysts predict $4.83 as the next resistance. On the other hand, if bearish pressure continues, the token may dip towards the support level of $2.30.
As long as the price stays above micro support at $2.67, the market appears positioned for the next phase. A breakout from the yellow trendline would be an early signal, although considered weaker than confirmation above the re-accumulation range. Rising trendlines within the re-accumulation zone have historically supported price rebounds for SUI.
In terms of price predictions, most forecasts expect SUI to trade between a low of $2.05–$2.76 and a high of $2.95–$3.70 in July 2025. Prices may dip slightly in August, with potential lows around $2.24 and highs near $2.43. There is an expectation of higher prices in September, with potential highs around $3.30 and averages near $3.21.
In conclusion, the SUI token is in a consolidation or re-accumulation phase between $2.30 and $2.92, with resistance at $2.96 and support near $2.38–$2.30. The market outlook for July and August is neutral to slightly bearish, but forecasts for September and beyond are more optimistic, with potential for higher prices if resistance levels are broken and bullish sentiment returns. The current phase suggests accumulation by traders, which could set the stage for a breakout if buying pressure increases.
Bitcoin's volatile nature, often associated with the cryptocurrency market, mirrors the current consolidation phase of the SUI token. This digital asset, reminiscent of early-stage Solana movements, is being accumulated by investors at undervalued levels, much like the accumulation of bitcoins during price dips. The technology behind both these digital assets, blockchain, continues to fuel their growth and potential for future gains.
