In our recent analyses, we emphasized the increasing likelihood of a broader market correction, particularly among Bitcoin and correlated cryptocurrencies. That bearish outlook proved accurate in many cases, as several assets continued to decline.

However, some tokens behaved differently—SUI among them—demonstrating resilience and forming what now appears to be a bullish continuation setup. This divergence has paved the way for a high-potential buying opportunity, with an estimated potential 70% upside from current levels.

In this analysis, we’ll outline the key technical elements supporting this scenario, helping you understand what could be expected next.

SUI technical analysis

As is often the case, the initial signal comes from a liquidity sweep, which occurred during the previously anticipated bearish move. Liquidity grabs are high-impact yet polarizing signals. When they occur sharply, they tend to create a reaction zone tied to the impulsive move. From there, two potential outcomes typically emerge, forming the foundation for what could be an appropriately-timed entry.

SUIUSD - 1 Day Time Frame

Let’s apply this to SUI’s current price action. After an impulsive drop, the price established a key resistance zone. More importantly, this was followed by a strong bullish close above that resistance—driven by significant upward momentum.

This sequence—a liquidity sweep followed by a failure of the last bearish delivery—signals a clear shift in market control, giving more validation to a bullish scenario. That said, identifying an entry is only half the job. Managing the trade effectively is just as important.

SUI price target

SUIUSD - 4 Hour Time Frame

To manage this setup properly, a protective Stop Loss (SL) could be placed just below the internal lower low, as shown in the attached chart. This placement guards against potential invalidation of the bullish structure while containing downside risk.

On the upside, profit targets can be set at Buy-Side Liquidity (BSL) levels—historically reactive areas where price is likely to stall. These provide logical points for partial profit-taking, allowing you to reduce exposure and lock in potential realized gains.