The price chart of SUI, characterized by expanding cloud zones, indicates a shift in market sentiment and structure. These zones have successfully tracked significant movements, transitioning from fear-driven accumulation to critical resistance levels. As new formations emerge, a potentially parabolic price movement may be on the horizon.
In a recent X post, Cheek Analytics identified $1.57 as a fundamental price point for SUI, marking it as an optimal buy zone, particularly during moments of market fear. Historical analysis reveals that purchasing at this level on August 3, 2024, could have resulted in gains of up to 957%. A similar buying opportunity observed on April 7, 2025, has already provided a peak return of 134%.
Cheek Analytics also pointed out the Purple Cloud around $4 as the first significant resistance that SUI must overcome. This zone has been tested multiple times, including one transient breakthrough, after which the price fell back, confirming it as a resistance level. According to Cheek, a successful break above this barrier would significantly shift momentum and pave the way for additional gains.
Looking further ahead, the Orange Cloud at $9 has been highlighted as a major resistance zone for SUI. Historically, once the purple zone is breached, prices tend to accelerate towards this level. However, during a previous attempt to break through, expanding cloud zones halted progress, leading to a shift in sentiment towards extreme greed, resulting in profit-taking. Consequently, SUI retraced by 52% and currently trades 28% below its peak.
Cheek Analytics has also introduced the Red Cloud at $20 as the long-term target zone, which could become relevant if the orange cloud transitions to a support level. However, Cheek notes that for larger altcoins like SUI, the red cloud is seldom reached, as cloud zones fluctuate with market movements.
In conclusion, Cheek Analytics emphasizes that while SUI demonstrates strong long-term potential, as evidenced by its expanding cloud zones, achieving further upside requires the formation of higher lows and higher highs. Without this upward momentum, a breakout above the purple cloud may fail, leading to renewed selling pressure.
If the anticipated bullish structure does not materialize, the analyst warns of a potential retracement back to the fundamental green line at $1.57, which is considered an ideal accumulation point for long-term investors, referred to as "buttlievers." Presently, the sentiment indicator reflects fear, indicated by a light blue background. Should the price revisit the green line, Cheek Analytics predicts a shift to extreme fear, creating favorable conditions for dollar-cost averaging (DCA) for dedicated holders looking to capitalize on the next significant market wave.
