Sui's 12-hour chart has generated a fresh TD Sequential buy signal around $0.71, signaling a potential price reversal following recent selling pressure. The indicator's previous signal preceded a 17% price advance, lending weight to the current reading.
The signal emerged as SUI stabilized after retracing toward a significant demand region. However, analysts note that the buy signal alone does not guarantee sustained recovery—bulls need to demonstrate strength above nearby resistance levels to confirm a sustained reversal.
Top Traders Lean Toward Long Positioning
According to CoinGlass data, the Binance Top Trader Long/Short Ratio showed 73.53% of long accounts versus 26.47% shorts, producing a 2.78 Long/Short Ratio. This substantial imbalance toward long positioning aligns with the technical reversal setup, suggesting agreement between trader sentiment and the TD Sequential signal.
The heavy concentration of longs, however, also creates vulnerability. Any renewed downside move could pressure crowded positions and limit the developing recovery structure.
Double-Bottom Structure and Order Block Support
SUI is currently trading within an order block that previously triggered a strong reaction. That earlier bounce generated a 17% rally from $0.7215 to $0.8440, confirming the region's importance as a demand zone.
After six consecutive red daily candles, SUI retraced toward a fair value gap around the $0.69 area. The most recent session printed a green reversal candle as the price rebounded toward $0.7241, maintaining a potential double-bottom structure around recent lows. The RSI indicator also reflected a bullish convergence during this rebound.
Liquidity and Resistance Levels
Binance liquidation data shows considerable liquidity concentration in the $0.73–$0.74 range, which could serve as potential targets for continued buying. Lower liquidation clusters remain visible around $0.70 and the $0.68–$0.69 regions.
If bulls hold the order block, an upside liquidity sweep toward $0.7771 becomes more likely. Persistent buying beyond that resistance could bring the $0.8440 supply zone back into focus.
