$SUI

It has surged vertically since breaking above $2.37 on November 9, signaling that the bulls are in control.

The bears have tried to halt the rally on several occasions, but the bulls bought the intraday dips. The SUI/USDT pair could rally to $4, where the bears will again attempt to halt the uptrend. However, if the bulls prevail, the pair could rally to $4.25 and then to $4.70.

The 20-day EMA ($2.86) is the crucial support to watch on the downside. A break and close below the 20-day EMA will signal that the bulls are losing control. The pair could then sink to $2.37.

The 4-hour chart shows that the pair is taking support at the 20-day EMA during pullbacks, indicating buying on dips. If buyers push the price above $3.93, the pair could rally to $4 and then to $4.40.

On the other hand, if the price turns down and breaks below the 20-EMA, it will signal that the bulls are rushing to book profits. The pair could drop to the 50-SMA and below that to the solid support at $2.80.