SUI is demonstrating a bullish technical profile characterized by the presence of unfilled CME gaps, which historically act as price magnets. Specifically, a gap formed between April 18-19 remains partially open, suggesting a strong probability of upward movement to fill the void.
Following the formation of this gap, SUI entered a consolidation phase, establishing a robust accumulation zone. This sideways price action indicates the market is absorbing selling pressure, a typical precursor to a trend reversal. This is now supported by a break of structure on lower timeframes, signaling a shift in dominance toward buyers.
The immediate technical targets are set at $0.9723 and $0.9961, the latter aligning with a full CME gap fill. The current outlook remains positive provided the asset maintains its current support levels and confirms the breakout. This momentum aligns with broader market trends where technical gaps and accumulation phases often dictate short-term price targets.





