SUI Technical Analysis Jan 22

SUI is trading at the current $1.52 level and is positioned near the critical $1.4849 support zone, giving short-term recovery signals, but the overall downtrend dominates.

Current Price Position and Critical Levels

SUI traded in the $1.44-$1.55 range with a slight 0.54% increase over the last 24 hours, and volume remained at the $602 million level. The overall trend continues downward; the price is trading below EMA20 ($1.66), which gives a short-term bear signal. RSI at 40.21 is in the neutral-bear zone, and Supertrend is producing a bear signal at $1.85 resistance. 13 strong levels were identified in multi-timeframe (MTF) analysis: 2 supports/3 resistances on 1D, 1 support on 3D, and 3 supports/4 resistances confluence on 1W. These levels are reinforced by order blocks, liquidity pools, and historical tests. If the price holds at the $1.4849 support block, recovery potential increases, but a breakdown accelerates toward $1.3039.

Support Levels: Buyer Blocks

Primary Support

$1.4849 (Strength Score: 78/100) – This level stands out as the strongest buyer block in the recent period. There is a strong order block formation on the 1D timeframe; the price was sharply rejected here twice, and high-volume buying traces were observed. It also aligns with Fibonacci 0.618 retracement on the 1W timeframe and was tested as a liquidity collection zone in 3D candles. Historically, it has held 4 times since the December 2025 lows, and it’s the POC (Point of Control) in the volume profile. Stop-hunt liquidity has accumulated below this level, where large players may be accumulating long positions. Confluence factors: EMA50 support (around $1.48) and RSI divergence potential.

Secondary Support and Stop Levels

$1.3039 (Strength Score: 60/100) – As a secondary support, a demand zone is defined on the 1W timeframe. During the last major drop (November 2025), it bounced strongly from here, confirmed with volume increase. MTF confluence: swing low on 3D and volume shelf on 1D. A break below this level would invalidate and lead to a downside target of $0.8722 (low R/R score 22/100); this is a major liquidity gap and potential supply block. Stop-losses should be placed below $1.4849 at $1.47, as this is the short-term invalidation point.

Resistance Levels: Seller Blocks

Near-Term Resistances

$1.5496 (Strength Score: 65/100) – The first near-term seller barrier, a strong supply zone overlapping the last 24-hour high ($1.55). There is a bearish order block and wick rejection on 1D; as the price approaches, volume increases and short position accumulation is observed. It gains confluence with the EMA20 ($1.66) approach, with failed breakouts in 3 historical tests. High volume and close are required for a breakout.

Main Resistance and Targets

$1.6770 (Strength Score: 63/100) and $2.2847 (Strength Score: 60/100) – Main resistances, strong liquidity pools on 1W. $1.6770 is critical with 0.5 Fib extension of the October 2025 high and EMA200 confluence; 4R confluence on 1D/1W. $2.2847 is the upside target (score 31/100), supply block of the major rally, VPOC in volume profile. R/R ratio between these levels is around 1:2.5, but fakeout risk is high in the downtrend. Momentum could come to $2.28 on breakout, rejection leads back to $1.48 support.

Liquidity Map and Large Players

The SUI liquidity map shows intense stop-loss accumulation below $1.4849; this could be a trap where smart money grabs liquidity for long entries. Above, sell-side liquidity between $1.5496-$1.6770, where large players are hunting short squeezes. Imbalances on 1W point below $1.30, but if buyers activate at $1.48, a sweep-up scenario. Volume analysis: low volume in the recent drop, spike expected in recovery. Large players (whales) appear to have built a bid wall at $1.48 in CEX orderbooks; this is an institutional accumulation signal.

Bitcoin Correlation

BTC downtrend continues at $90,056 (%0.20 change), Supertrend giving bear signal. Main supports $89,918 / $88,398 / $86,637; a break would accelerate SUI to $1.30 with cascade effect in altcoins. Resistances $90,410 / $92,446; if BTC holds above $90k, SUI $1.55 breakout possible. BTC dominance increase pressures alts, SUI has high correlation with %beta 1.8 to BTC – monitor BTC key levels. Details for SUI Spot Analysis and SUI Futures Analysis.

Trading Plan and Level-Based Strategy

Level-based outlook: Holding above $1.4849 gives short-term long bias, first target $1.5496 (R/R 1:1.5), then $1.6770. Breakdown offers short opportunity at $1.3039 (R/R 1:3). Risk: 1-2%, stop $1.47 / above $1.52. Wait for MTF confluence, volume confirmation required. This is general market view, not investment advice – do your own research and verify on spot / futures platforms.