SUI Price Has Recently Formed an Inverse Head and Shoulders Pattern, a Technical Signal for a Bullish Reversal

SUI price has recently formed an inverse head and shoulders pattern, a technical signal for a bullish reversal. Market analyst Ali highlights that this pattern could

Key Insights:

SUI price has recently formed an inverse head and shoulders pattern, a technical signal that could herald a bullish reversal, according to market analyst Ali.

This pattern could suggest the start of a short-term bullish move if SUI manages to break above the critical $2.52 resistance.

This inverse head and shoulders pattern, typically suggests a reversal from a downtrend, and crossing this resistance would confirm a potential upward momentum. As a result, SUI could experience further gains if this breakout occurs in the near future.

Higher Lows and Growing Confidence in SUI

Another analyst, AMCryptoAlex, notes that SUI has been forming higher lows since March, highlighting the upward trend which is considered to be good news for utility coins which SUI shows strength in.

The momentum is clear, hence the analyst believes that traders anticipating a new all time high (ATH) might have to wait until S"I goes past the $2.9 level. While it shows signs of a bullish recovery, the coin might gain resistance in trying to breakout of the current range before then.

SUI Price Daily Chart Technical Analysis

At the moment, SUI price has experienced a 1.19% increase in the 24 hours and is currently being traded at $2.3788. The price is now seeing some signs of slight downtrend after peaking above $2.50.

The price is currently confronting resistance near the $2.50 price area, which has been a level of resistance for the past couple of days.

Relative Strength Index (RSI) stands at 46.78 level which is in neutral zone. This indicates that SUI is not being overbought or sold. SUI at a neutral level can suggest that there is potential for more increase. A move below 30 may be an indication of oversold conditions.

More selling pressure than buying pressure has been seen looking at the Chaikin Money Flow (C.M.F) indicator which is -3.24M. Negative volume indicates that SUI is suffering a decrease in volume of buy orders relative to sell orders. However, if the C.M.F moves back to positive, it might shows that buying pressure is increasing and a bullish reversal may occur.

At the same time, MACD value is 0.0236, but the MACD line is above the signal line. That points towards a weak bullish phase for SUI as its histogram is close to zero signifying that momentum is fairly flat.

SUI Price Among the Top Blockchains for Active Addresses

In April 2025, SUI occupied the third place among Top Blockchain With Maximum Monthly Active Addresses having 1.6 million unique addresses partaking in on chain activity.

This makes SUI third in line behind Solana (95.7 million), and Near (42.7 million) but in front of other major blockchains such as Base, BNB Chain, and Aptos.

With this rise in user activity, SUI stands out as being strong in the blockchain space, with the broad adoption and importance the market has started taking over.

Momentum DEX and Ecosystem Expansion for SUI

Besides higher activity and user engagement, SUI is also seeing the key developments that can boost the ecosystem. Momentum DEX provides users with more trading options, and with over 100 million of Telegram wallet users, SUI can be traded by simply a few clicks. These developments make $SUI available to a larger one and enhance the user experience.

Additionally, the SUI ecosystem is gaining additional expansion with projects such as Walrus and Phantom. Additionally, the network is working hard on security, so that there is little risk of transacting within the ecosystem. Amidst these new focus for security and the new integrations, SUI could potentially become much more attractive to users and investors and hence, experience further expansion in their ecosystem and market adoptions.

In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.