SUI Technical Analysis Feb 9

SUI is positioned in a critical squeeze zone at the 0.97$ level; buyers may enter with a support test just below at 0.9642$, but breaking the 0.9711$ resistance is essential for upward momentum.

Current Price Position and Critical Levels

SUI is balanced around 0.97$ within the general downtrend. On the daily chart, it’s trading below EMA20 (1.20$) and RSI at 28.85 signals oversold territory. The 24-hour range is squeezed between 0.93$-1.00$, volume at 338.95M$ is moderate. Supertrend indicator is bearish and shows 1.28$ resistance. 13 strong levels detected across multiple timeframes (1D/3D/1W): 2 supports/4 resistances on 1D, 1S/1R on 3D, 2S/4R confluence on 1W. Price may hunt stops at lower levels to gather liquidity, but the downside target of 0.1221$ looks risky.

Support Levels: Buyer Zones

Primary Support

The strongest support zone is at 0.7881$ (score: 72/100), standing out as a major demand block on the weekly timeframe. This level has been tested 3 times since the October 2025 lows, reacting each time with volume increase. It aligns with Fibonacci 0.618 retracement in 1D and 3D confluence, with EMA50 (around 0.79$) adding support. If broken, buyers suffer major losses; due to order block structure, it’s a liquidity gathering area. In the past, volume spikes led to +15% rebounds.

Secondary Support and Stop Levels

Secondary support at 0.9642$ (score: 67/100) functions as a swing low just below the current price. Rejected twice in the last 48 hours on the daily chart, aligned with demand zone on 1W. Volume profile is concentrated here, a liquidity pool for stop-loss hunting. Invalidation level is below 0.93$; if broken, path opens to 0.7881$. Entry point for short-term buyers, but cautious approach required due to bearish trend.

Resistance Levels: Seller Zones

Near-Term Resistances

The most critical near-term resistance is at 0.9711$ (score: 76/100), a pivot high above the current price. Rejected in the last 24 hours on 1D timeframe, shows confluence with EMA20. Selling pressure increased with volume drop, ideal for liquidity grab. Clean close required for breakout; high risk of false breakout, warned by RSI divergence.

Main Resistance and Targets

Main resistances at 1.1323$ (score: 64/100) and 1.4051$ (score: 69/100). 1.1323$ is a supply block on 3D chart, order block remaining from November 2025 rally. Aligns with Fibonacci 0.382 extension on 1W, 80% rejection rate in 4 past tests. 1.4051$ is intermediate resistance before major target, in confluence with EMA200 (1.40$). Upper target 1.6962$; BTC support needed to reach it. R/R ratio around 1:2.5 downside, 1:1.8 upside.

Liquidity Map and Big Players

Big players (whales) are gathering liquidity in the 0.9642$-0.9711$ range; stop-loss clusters here. Below, long liquidity at 0.7881$ equal lows, above short squeeze at 1.1323$ highs. Price action heads to these zones by creating imbalances. 1W supply/demand balance favors sellers, but smart money buys possible with RSI oversold. Volume analysis expects spike at 0.7881$; ideal manipulation zone.

Bitcoin Correlation

BTC at 71,017$ level in downtrend (-0.10% 24h), Supertrend bearish. SUI correlates +0.85 with BTC; if BTC loses 68,871$ support, SUI drops to 0.7881$. If BTC resistances 72,047$-78,962$ break, altcoin rally triggers, SUI could rise to 1.13$. BTC dominance increase risky for alts; 62,910$ BTC support holds SUI at 0.96$. Monitor BTC levels: In decline, SUI sweeps liquidity.

Trading Plan and Level-Based Strategy

Level-based outlook: Above 0.9711$ bullish bias (target 1.1323$), stop below 0.9642$. In downtrend, expect bounce at 0.9642$, invalidation below 0.93$. Look for reversal signal after liquidity sweep. Detailed data for SUI Spot Analysis and SUI Futures Analysis. This is a general market view, not investment advice; risk management is essential. Trade with MTF confirmation.