SUI is showing early signs of a meaningful shift in momentum after reclaiming a key smart money accumulation zone on the weekly chart. Following a deep corrective phase, the price structure is beginning to stabilize, suggesting that patient buyers may be positioning for the next major move. With higher-timeframe support holding and a bullish structure gradually rebuilding, the setup hints that a larger expansion could be brewing.
Defending Weekly Accumulation After Deep 2024 Correction
Crypto analyst Crypto Patel, in a post shared on X, highlighted that SUI continues to hold a high-timeframe accumulation zone on the weekly chart following a deep correction from its 2024 highs. According to the analysis, the broader market structure now points toward a re-accumulation phase with smart money participation.
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From a technical standpoint, several constructive signals stand out. The liquidity sweep at the lows has already been completed, while a strong weekly bullish order block between $1.50 and $1.30 has been fully filled. Also, the fair value gap overlaps with a demand zone. Since reacting from this region, SUI has already delivered a bounce of roughly 45%, indicating growing bullish responsiveness.
The structure remains technically healthy, with price action respecting a rising channel and the high-timeframe bias gradually shifting back toward the upside. These developments suggest that the corrective phase may be maturing, allowing for a more sustained recovery if current conditions persist.
Looking ahead, Crypto Patel outlined ambitious upside targets at $5, $10, and $20, contingent on the broader bullish structure remaining intact. As long as SUI/USDT holds above the $1.20 level, the macro bullish thesis remains valid.
The analyst also noted that the optimal entry zone, previously shared around $1.50–$1.30, had already played out, delivering close to 50% gains on a short-term swing. Overall, this remains a patience-driven weekly setup with attractive risk-to-reward for both spot and swing traders, but invalidation could occur on a weekly close below $1.20.
SUI Respects Structure After Completing HTF Correction
Sui Community outlined that the recent price action is far from random and continues to respect a clear structural framework. Following a complete high-timeframe correction, SUI has transitioned into a re-accumulation phase, with price stabilizing inside a well-defined weekly demand zone.
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This zone is where smart money participation has become evident, signaling renewed confidence after the corrective move. The community also made reference to the same $1.30 and $1.50 entry zone as Crypto Patel, which has since been filled and validated, delivering gains of roughly 50%.
At this stage, the outlook shifts into a patience-based weekly play with an asymmetric risk-to-reward profile. As long as the broader structure holds, the long-term upside targets remain firmly in focus at $5, $10, and $20.
Featured image from Freepik, chart from Tradingview.com