SUI | Structure Flipped — Two Ways Back Into The TrendSUI / TetherUSBINANCE:SUIUSDTBigBelugaBy analyzing the #SUI (Sui) chart on the 6H timeframe, we can see a market that has genuinely changed hands. What was a market making lower highs into resistance has now broken structure twice in the same direction, defended its support on the way back down, and is pushing into a new leg. The trend is bullish. The question is where to join it. 6H Timeframe The shift is what matters here, and it happened in two stages. The first was a bullish CHoCH out of the Order Block at $0.7717 – $0.7820 — the region that had capped price through July and rejected it repeatedly. Price did not stall there this time. It broke through with force and continued into a BOS above $0.8556, printing a high above $0.9500. That combination — CHoCH followed immediately by BOS — is the difference between a bounce and a trend change. One says the previous direction is losing control. The other confirms the new one has taken it. The second stage was the retracement, and it is the more instructive half. Price came back down into the Support zone at $0.6964 – $0.7094 — the region that has been defended repeatedly since July, marked with every touch on the chart. It held again. From that defence price printed a bullish MSS, then a further BOS, and is now trading around $0.8006. So the sequence reads: structure flips, price retraces to the level that has held all along, buyers defend it, structure confirms again. Nothing about that is ambiguous. The rally out of the support zone left something behind. There is an FVG at $0.7717 – $0.7820 sitting directly beneath current price — the same region as the old Order Block, which makes it a level with two reasons to matter rather than one. Beneath that, resting sell-side liquidity sits at $0.7396. Above, the buy-side liquidity that is the objective rests at $0.9500, with $0.8556 as the intermediate level already cleared once. The Protected Low at $0.6361 holds the entire structure together. The Bias Bullish. The structure has flipped and confirmed twice. The only question is entry, and there are two answers depending on how deep price wants to go. Scenario A — the shallow retrace. Price pulls back into the FVG at $0.7717 – $0.7820 and reacts from it. That is the imbalance the last leg left behind, and it overlaps the Order Block that has already flipped from resistance to support. Two structural reasons in one zone is a stronger argument than either alone. From a reaction there, the draw is $0.8556 first, then the buy-side liquidity at $0.9500. Scenario B — the deeper sweep. Price may instead run the sell-side liquidity at $0.7396 before turning. That pool is sitting there in plain sight, and markets that have just flipped bullish frequently take one more scoop of stops before committing to the leg. A sweep of $0.7396 followed by a reclaim is the same trade at a better price. The destination does not change — it is still the liquidity above. What separates the two is patience, not direction. Either the imbalance holds and the move starts from $0.77 – $0.78, or the liquidity gets taken first and it starts from $0.7396. Buying here, mid-range, between an unfilled gap below and resistance above, is the one option with no edge in it. Invalidation. A decisive close beneath the Support zone at $0.6964 would mean the region that has held all summer finally gave way, and the structure would need re-reading. Full invalidation is a close below the Protected Low at $0.6361 — below that, the CHoCH and BOS were failed breaks and the downtrend was never interrupted. And the rule that governs all of it: a break is a candle close, not a wick. The sell-side pool at $0.7396 is exactly the kind of level that gets spiked and reclaimed in a single candle. Fundamental Backdrop The backdrop here is more mixed than the chart, and that tension is worth understanding rather than ignoring. On the constructive side, network usage is real. Sui set a transaction throughput record of over 6 million TPS in July 2026, and the ecosystem is pushing hard on the agentic payments theme. Revolut announced plans to expand its MiCA-regulated euro stablecoin EURR to Sui later this year, which is a genuine step toward regulated integration. DeFi yields on the network are elevated, with select Cetus pools offering anywhere from roughly 17% to over 57% APY — the kind of thing that pulls capital into a chain independently of price speculation. The counterweight is supply and sentiment. The first week of September brought a fresh token unlock, part of roughly $1.5 billion in unlocks across the market that week, with monthly SUI emissions around 64 million tokens. DeFi TVL sits near $469 million — roughly 82% below the 2025 peak of $2.58 billion — so transaction growth has not translated into locked capital. Phantom is ending Sui support entirely on September 24, which is a reputational blow even though funds remain accessible through Slush and other Sui-compatible wallets. And the DeFi protocol Full Sail is winding down after the Switchboard incident. Put together: a network with genuine technical achievement and rising usage, carrying persistent supply pressure and a few ecosystem setbacks. That is exactly the kind of backdrop that produces the sweep in Scenario B — enough weakness to shake positions out, not enough to break the structure. This analysis will be updated as the market evolves. Best Regards, BigBeluga 🐳