Whisk the warm water, sugar, and yeast together in a large bowl, then leave undisturbed for 10 minutes. A foamy layer indicates activity; an unchanged surface may mean the yeast is expired.
Stir the olive oil into the activated mixture. The oil will disperse through the liquid.
Work in the flour, salt, and cinnamon with a wooden spoon or silicone spatula for about 1 minute. Expect a loose, sticky mass rather than a smooth bread ball.
Place plastic wrap or a kitchen towel over the bowl and rest the dough for 30 minutes. The dough should remain soft and moist beneath the cover.
Reach beneath one side of the dough, lift it gently without tearing, and lay it across the center; turn the bowl 90 degrees and repeat until all four sides have been folded. These four directional folds make up the first folding set.
Cover the bowl again and allow a 30-minute rest. The folded dough will relax back into the bowl.
Complete a second set of four directional folds, then cover and rest for 30 minutes. Lift gently enough to preserve the dough's developing elasticity.
Repeat the four-direction folding set a third time, followed by another covered 30-minute rest. The dough should begin to feel more cohesive while remaining sticky.
Perform the fourth folding set, cover the bowl, and let the dough rise for 1 hour. Look for roughly doubled volume and bubbles across the surface.