SUI Price Action Forms Bullish Structure, Eyes $3.50 Resistance
After consolidation, SUI's price action has formed a bullish structure, focusing on the key $3.50 resistance level. Analysts speculate whether bullish momentum can break this barrier, potentially leading to significant growth for SUI.
Market Structure Strengthens For The Next Wave Up
- SUI tapped into the $3.30 support zone, with buyers defending it strongly.
- This reaction confirmed $3.30 as critical support and boosted confidence among bulls.
- Traders expect upward momentum, positioning long in anticipation of higher price targets.
- Targets remain set above $5, indicating potential for substantial upside if breakout occurs.
SUI Recovers From Major Support Zone
- SUI was trading around $3.28, recovering from recent lows at a major support level.
- The ability of buyers to maintain momentum is crucial for the next market move.
- Aiming for the $3.50–$3.55 resistance zone will be the next major test.
- Key downside protection is at the $3.20 level; failure to hold may lead to selling pressure.
- Current sentiment appears cautiously optimistic as SUI maintains recovery momentum.
