As several cryptocurrencies begin flashing strong bullish signals, today’s analysis highlights another opportunity worth considering—SUI—especially for those seeking portfolio diversification.

From a technical perspective, the current setup appears favorable, presenting upside potential. However, as always, traders and investors should proceed with caution and pay close attention to specific market parameters, which we’ve outlined in this analysis.

Daily time frame analysis

SUIUSD - 1 Day Time Frame

The native token of the fundamentally strong and rapidly growing Sui project is currently showing a compelling technical setup based on two key factors—together forming the basis for a potential long-term buying opportunity.

The first major signal is the selection of Sell-Side Liquidity, which occurred below the February and early March lows. This move enabled institutional or commercial participants to enter long positions by absorbing a large volume of sell orders.

Following this liquidity sweep, the second confirmation came with a daily close above a key resistance zone, marked as the lower orange area on the attached chart.

Currently, the price is testing a second, upper resistance zone that is limiting further upside. This suggests a strategic approach: split your buying position into two parts.

The first half can be entered following the initial confirmation, while the second half may be reserved until the price closes above the upper orange resistance zone.

SUI price target

Whether you choose to enter the full position now or wait for further confirmation, proper risk management is essential. A protective Stop Loss can be placed below the internal higher low, as indicated on the chart. This helps ensure your position remains within an acceptable risk range, even in the event of a short-term pullback.

On the profit side, it's equally important to identify key liquidity levels above recent highs—areas where Buy-Side Liquidity is likely to be concentrated. Just as the price previously swept liquidity below earlier lows, it may now target those upper liquidity pockets.

These levels present opportunities to take partial profits while maintaining exposure to further upside, and hence, enabling you to protect your capital while maximizing potential gains—an essential principle of long-term trading success.