Sui (SUI) 24-Hour Technical Analysis and Forecast

1. Trend Analysis (Daily & Intraday)

• Medium-term Trend: The daily SUI chart from early March to June 8 displays a distinct upward trend beginning end of March near $2.20, peaking near $4.25 in mid-May. A correction followed, recently consolidating and recovering from the $3.16 to $3.25 range.
• Short-term Trend: Reviewing the past 5 days, price found support at $3.16–$3.20 and staged a rebound. Today and recent hourly candles show higher lows and minor higher highs, suggesting renewed bullish momentum.

2. Support & Resistance Mapping

• Immediate Support: $3.18–$3.20 (horizontal support; prior bounce zone)
• Major Support: $3.05, $2.93 (recent swing lows)
• Immediate Resistance: $3.32–$3.34 (range cap of last three days)
• Major Resistance: $3.43–$3.55 (previous congestion and breakdown point)

3. Candlestick & Price Action Patterns

• Daily: Three consecutive higher closes since June 6 after a deep test of $2.93 (candle with long lower wick: strong demand). Market reclaiming $3.25 indicates buyers are absorbing supply.
• Intraday: 4-hourly and hourly candles steadily print higher lows ($3.20 → $3.24 → $3.27), with volume incrementally increasing into each recovery. No signs of exhaustion on buy momentum.

4. Volume Analysis

• Volume Clusters: High volume on the bounce from $2.93 to $3.19 on June 5–6 implies capitulation and possible trend reversal.
• Recent Volume: Uptick in volume on 1-hour breakouts, especially when breaching $3.25, confirming buying interest.

5. Volatility & Momentum Oscillators

• ATR (Average True Range): Slight contraction last week but increasing over last 24h. This often precedes a strong directional move.
• RSI (Relative Strength Index): Estimated in the 55–58 zone, not overbought and rebounding from near-40 (previous bottom), adding bullish divergence.
• MACD: Slow crossing of the signal line upwards on both daily and 4-hourly, confirming upside (bullish crossover).

6. Moving Averages

• EMA 20/50: On daily, price is back above both, showing a bullish short-term regime. On hourly, recent candles are well supported by the 20/50 EMAs ($3.24 and $3.21, resp.).

7. Fibonacci Retracement Levels

• Key Levels:
  • Low ($2.93) to High ($4.25):
    • 38.2% retracement: ~$3.65
    • 50% retracement: ~$3.58
    • 61.8% retracement: ~$3.50
• Price currently sits just under the 76.4% retracement, suggesting a probable next leg higher if $3.28 decisively breaks.

8. Chart Patterns & Market Structure

• Reversal Structure: Rounded bottom forming across the last 6 days with a classic V-shape recovery around $3.17. Higher lows confirm accumulation.
• Range Play: Previous two weeks developed a $3.15–$3.55 range with prior false breaks lower. Now, after re-entering the range and holding above midpoint, odds favor a revisit of upper resistance.

9. Order Book & Sentiment (Inference)

• Liquidity: Previous spikes around $3.22–$3.25 (high hourly volume), but little resistance until $3.32–$3.34 (next cluster), suggesting easy near-term upside.
• Sentiment: High-volume sellers exhausted in May; current holders likely stronger hands.

10. Probabilistic Forecast & Scenario Planning

• Base Case: Continuation of recovery to at least $3.33–$3.35 resistance within next 12–18 hours.
• Bull Case: Clean break above $3.35 flushes stops, aiming at $3.43–$3.48 and possibly $3.55 over 24h if momentum accelerates.
• Bear Case: Failure at $3.28, with a retest of $3.20 and, in extreme, $3.16. But order flow and structure not supporting this outcome currently.

11. Risk Management

• Stop-Loss Guide: For a long entry, risk can be capped just under $3.16 (major hourly support & accumulation base).
• Reward/Risk Ratio: Target to $3.33–$3.37 yields a 2:1 R/R, favorable for a swing/24h position.

12. Final Synthesis

The market structure, momentum, volume, and sentiment now favor bulls after the completion of a strong corrective phase and emergent uptrend. The recovery above multiple support/EMA confluences coupled with bullish oscillator signals and the absence of immediate supply overhead make a case for a long buy entry.

Conclusion & Trading Plan

• Decision: Buy (Long Position)
• Open (Buy Entry): $3.27 (current price or slight retracement to $3.26 zone for optimal fill)
• Take Profit (Close): $3.34 (just below major resistance to secure profits before potential rejection)
• Stop-Loss (for reference): $3.16 (not required in ClosePrice, informational for readers)
• Expected Duration: 12–24h

Summary: SUI is poised for a continuation rally over the next 24 hours, targeting the $3.33–$3.35 resistance band, with bullish technical and structural signals favoring a long trade from current levels.