On February 11, 2025, $SUI experienced a significant market event that highlighted its potential for a bullish trend. According to a tweet by Michaël van de Poppe, $SUI tested a high time frame (HTF) support around the $2.50 order block, which led to a rapid increase in price interest (Twitter, February 11, 2025). The subsequent price jump was followed by a strong green weekly candle, indicating robust market participation and bullish sentiment (TradingView, February 11, 2025). Specifically, at 10:00 AM EST on February 11, $SUI's price rose from $2.50 to $2.80 within an hour, demonstrating the market's immediate reaction to the support test (CoinGecko, February 11, 2025). The trading volume during this period surged from an average of 5 million $SUI per hour to 12 million $SUI, reflecting the heightened interest and potential accumulation by investors (CoinMarketCap, February 11, 2025). This event underscores the importance of monitoring key support levels and order blocks as potential triggers for significant price movements in cryptocurrencies like $SUI.

The trading implications of $SUI's support test and subsequent price surge are multifaceted. Firstly, the rapid price increase from $2.50 to $2.80 within an hour suggests a strong buying pressure and potential for further upward momentum (CoinGecko, February 11, 2025). The trading volume spike to 12 million $SUI per hour indicates that traders and investors are actively engaging with the asset, likely in anticipation of a continued bullish trend (CoinMarketCap, February 11, 2025). Additionally, the $SUI/BTC trading pair showed a similar pattern, with $SUI gaining 5% against Bitcoin during the same period, further confirming the bullish sentiment across different trading pairs (Binance, February 11, 2025). On-chain metrics also support this view, as the number of active addresses increased by 20% over the last 24 hours, indicating growing network activity and potential new investor interest (CryptoQuant, February 11, 2025). Traders should consider entering long positions around the $2.50 support level, with a target of reaching new highs, as suggested by market analysts (Twitter, February 11, 2025).

Technical indicators and volume data provide further insights into $SUI's market dynamics. The Relative Strength Index (RSI) for $SUI was at 65 on February 11 at 10:00 AM EST, suggesting that the asset is neither overbought nor oversold, indicating potential for continued upward movement (TradingView, February 11, 2025). The Moving Average Convergence Divergence (MACD) also showed a bullish crossover at the same time, with the MACD line crossing above the signal line, reinforcing the positive trend (TradingView, February 11, 2025). The trading volume, as mentioned earlier, surged from 5 million to 12 million $SUI per hour, which is a clear sign of increased market activity and interest (CoinMarketCap, February 11, 2025). Moreover, the $SUI/ETH trading pair saw a volume increase of 30% during the same timeframe, indicating that the bullish trend is not limited to one trading pair but is a broader market phenomenon (Coinbase, February 11, 2025). The combination of these technical indicators and volume data supports the view that $SUI could be poised for a new high in the near future, as predicted by market analysts (Twitter, February 11, 2025).