SUI’s Technical Indicators Point to Potential Parabolic Rally
SUI's price action reveals a compelling technical narrative, with expanding cloud zones tracing the cryptocurrency's journey from fear-driven accumulation to critical resistance tests. The $1.57 level emerged as a springboard for historic gains—957% after August 2024's fear cycle and 134% following April 2025's setup.
Market structure now hinges on two decisive barriers. The $4 purple cloud stands as immediate resistance, its repeated tests demonstrating stubborn selling pressure. A confirmed breakout here could trigger momentum-fueled buying. Beyond lies the $9 orange zone, where previous rallies met profit-taking amid extreme greed signals.
Cheek Analytics' cloud methodology paints a roadmap: clearance of $4 may set the stage for accelerated moves toward higher timeframe targets, though traders should monitor sentiment shifts that previously caused 52% retracements from similar formations.
