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In a recent tweetProminent crypto analyst Crypto Master 786 emphasized a promising arrangement for Sui, who currently traded around $ 3.61. According to the analyst, the price is comfortable within an important bullish re-accumulation zone, supported by both a bullish price range (BPR) and a considerable order block (OB).
This positioning is a textbook of a possible continuation rally. With the graph that is in accordance with higher goals, be Crypto -Master 786 to 0.5 and 0.25 Fibonacci levels as important areas to pay attention to the next leg.
Technical insights for an increase
The analyst who further split his analysis delved into various important technical insights that support a bullish outlook for Sui. First, he pointed to a market structure shift (CH) that took place in April and described it as a critical “change of character” that marked the start of a bullish reversal.
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He also applied smart money concepts and noted that both the ordering block and Bullish Price range zones are currently holding. This behavior, he explained, often reflects institutional accumulation, because ‘smart money’ tends to load positions at strategic price levels before a major movement unfolds.
As an addition to the Bullish Case, he observed a Fibonacci compensation, where the projected upward goals neatly match the 0.5 and 0.25 Fibonacci levels, areas that also coincide with historical supply zones.
Finally, his volume observation revealed that recent withdrawal with low volume is considered healthy commemorations instead of bearish exhaustion. Together these technical factors suggest that Sui may build up momentum for a continuation of the top.
Why Sui also has a fundamental force
Crypto Master 786 also continued by emphasizing various important fundamental factors that, according to him, could strengthen the promising technical arrangement of Sui and Long -term Prevention. In the foreground, the SUI status is as a powerful layer 1 blockchain developed by Mysten Labs, with scalability, speed and low transaction costs that make it very attractive for both developers and users.
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He also emphasized the strong support of Sui from Top investors, including names such as A16Z, Jump Crypto and Binance Labs, Signaling Strong institutional Trust in the future potential of the project. In addition to the financing, he pointed to the rapid growth of the Ecosystem of the SUI developer, and noted that the increasing number of Defi, Gaming and NFT projects was launched on the network.
In addition, the SUI Builder Grant Program Active Innovation and offers support And resources for teams that build on the platform. The analyst closed by stating that Sui is positioned for a strong move if it contains the current OB/BPR zone. With smart money signals, aligned technical means and solid basic principles, he sees a swing play with high probability with 37% upward potential.
Featured image of Adobe Stock, Chart van TradingView.com