SUI, approaching a key supply zone breakout on the 4-hour chart

ThreeHornBlasts · 2026-01-13T08:31:18+00:00

SUI token is at a crucial point on the 4-hour chart, currently trading at $1.80 and testing significant resistance levels from the 200MA and 200EMA. Limited gains in the past 24 hours signal a recovery from December's decline, while market sentiment balances selling pressure with buying interest. A clear breakout above the 200MA could trigger buybacks and drive prices towards $1.80, underscoring the importance of this resistance level.

ThreeHornBlasts

2026-01-13 08:31:18

Abstract generation in progress

SUI tokens are currently at a key juncture on the 4-hour chart. Trading around $1.80, the asset is testing an important resistance level formed by the 200 MA and 200 EMA. Although the price increase over the past 24 hours has been limited, the recovery from the December correction phase is leading to the formation of higher lows.

Technical Indicators Indicating a Turning Point

The 200 MA on the 4-hour chart is not just a simple moving average but an important milestone for confirming a trend reversal to bullish. Simultaneously, the 200 EMA acts as a resistance zone during bearish trends. Analyzing these levels in conjunction reveals market sentiment. Currently, there is a tug-of-war between selling pressure and buying interest.

Breakout Scenario

If the price successfully closes above the 200 MA on the 4-hour chart, it could trigger a chain reaction of buybacks and short covering, with the next target price set at $1.80. Based on current price movements, this appears to be a reasonable upside target.

Current Market Situation

The circulating market cap of SUI has reached $6.82 billion, with approximately 3.79 billion tokens in circulation. As support levels formed after previous corrections are being watched, breaking through resistance on the 4-hour chart remains a key to trend reversal.

SUI1,87%

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