$SUI gains 500% in four months: Traders watch out for THIS key resistance - AMBCrypto Analytics

SUI maintains a strongly bullish long-term outlook despite recent price fluctuations. Since September, SUI has surged nearly 500%, driven by higher highs and higher lows since breaking the $0.9-$1 resistance in late October.

However, Bitcoin's [BTC] 4.8% dip over the last 24 hours pulled SUI down by 8.6%. A slight decline in buying volume hints that SUI bulls may be preparing for the next upward push. The Ichimoku Cloud remains bullish, offering strong support at $3.2 and $4.1, reinforcing a thick, upward momentum.

Currently, SUI's price action ranges between $4.3 and $5, forming liquidity clusters at these levels. A Fibonacci extension suggests $4.5 has transitioned into a demand zone, with the next likely target at $5.38.

While the dip in average trading volume indicates reduced buying pressure, Sui's bullish trend persists, signaling a potential breakout in the coming days. Patience and strategic positioning could yield significant gains for investors.