SUI price prediction: daily candlestick chart and weekly chart show structural divergences, unlikely to see a Rebound due to weak demand

Gate News, according to AmbCrypto, Sui (SUI) presents different structures on the daily candlestick chart and the weekly chart, and the demand for the Token remains weak. It is unlikely to see a Rebound before this situation changes.

SUI's daily trading volume has significantly increased, with a growth rate of 66%. As of the writing of this article, its daily trading volume has reached 2.1 billion US dollars, and in the past 24 hours, SUI's increase has been as high as 12.55%.

(Source: Trading View)

Based on the rise at the end of 2024, SUI drew a set of Fibonacci retracement levels (yellow). The 78.6% retracement level is at $2.43 and underwent a perfect retest on June 22nd. It acted as support.

Combining the Rebound situation of Bitcoin since the beginning of the week, SUI recovery may be in progress.

However, it is still too early to draw conclusions. Within a week, the A/D indicator hit a series of lower highs in 2025, indicating continued selling pressure. The CMF is -0.08, showing a significant outflow of capital.

Despite a recent pullback in the past month, the MFI still maintains a bullish momentum. This implies a decrease in selling pressure, and the weekly trading volume bar chart below average levels also confirms this trend.

Following the structural breakthrough in early May (blue), the weekly market structure is bullish.

Divergence in the daily candlestick chart: showing a bearish structure

The daily candlestick chart shows that SUI presented a bearish structure after falling below $3.12 in the first week of June. The A/D indicator has been trending downwards for a month, the CMF is in a neutral zone, reflecting a lack of large-scale capital inflows or outflows in the market. The MFI is 30.5, indicating a bearish market.

The two key support levels are $2.08 (white) and $1.71 (green). The former is the support level since March/April, while the latter marks the low point of the weekly chart fluctuations.

Breaking below $1.71 will lead to a bearish trend in the weekly chart structure.

Based on the current trend, $2.08 may be tested again. However, if Bitcoin can stay above the $100,000 support level and maintain bullish sentiment in the market, the demand for SUI may increase.

The rise in buying pressure and the shift in the $3 level will be a strong signal that indicates the rebound of the altcoin.

(Source: Trading View)