SUI - Predictable Market Structure at Its Best SUI / TetherUSBINANCE:SUIUSDTVIAQUANTSUI has done a phenomenal job building the proper market structure in relation to its levels, making it extremely predictable. A lot of people believe crypto charts are chaotic and impossible to predict, but I am here every day laying out the best charts and levels so market participants can get a clear read on what could happen down the road. Let's take SUI as an example. This current chart builds off my last idea here: If you want full context, go back and read through that post. For now, let's look at the market structure that has developed since I made it. Reviewing the Breakdown Price broke down from the level previously outlined as new support, now labeled old support, at the green ray. It then tried to hold the yellow wick low trendline with two daily candles before breaking down to its predicted $0.66 low. Now you might say, "Ryan, it actually broke that structure, since it made a low of $0.635 in early August." That is a fair point, but it misses what actually matters here: Looking at the daily chart, there was no confirmed close below $0.66. Price saw one daily close below it on August 18th before instantly reclaiming the level, turning that into a false break. Even more telling, the weekly chart has not seen a single candle close below $0.67, validating that key level and likely establishing it as the bear market bottom for this cycle. What Happened Next Speaking of candle closes, it is critical to understand what happened with this outlined market structure after that initial low at $0.66 was established. Price rallied back to the yellow wick low trendline, but this time tested it as resistance. This is what I have labeled on the current chart as "Candle Body Rejection." Price then fell once more to its ultimate wick low of $0.635 before staging the monumental rally to $0.95. The market structure that has developed since then is genuinely incredible to see. On August 21st, SUI closed right below the yellow wick low trendline at $0.84. The very next day, August 22nd, price shot up to a high of $0.94 before crashing back down and closing the daily candle below the yellow trendline once again, confirming it as resistance. Then on August 23rd, price rallied back to this trendline with a close of $0.85. This test also confirmed what I had outlined as old support flipping into new resistance, the exact same support and resistance flip predicted in my last idea, playing out again in real time. Today, August 24th, saw a rejection from both the trendline and the green line, now acting as a new resistance level. On the chart, this is labeled "Candle Body Rejection #2." I also just wanted to point out the RSI structure on the daily timeframe as once again it is getting rejected from overbought conditions. What Comes Next Because of this, a continued pullback from these levels is very likely. However, once SUI is able to close candle bodies back above the green ray (around $0.85) along with the yellow trendline (wherever price is trading when it reaches that point) that will be a key indication that SUI is beginning its next bull market.