$SUI Eyes Recovery: Can Bulls Break Above $4.2291?

#SUI demonstrates a consolidative structure, oscillating within well-defined support and resistance levels. Resistance is observed at $4.2291, $4.2522, and $4.3275, with support at $4.2213, $4.1812, and $4.158.

The RSI remains near neutral but has shown a mild uptick, suggesting a tentative recovery in bullish momentum. However, it is not yet robust enough to indicate a decisive trend shift. Traders should wait for further confirmation from other indicators before committing to directional trades.

The MACD histogram is in slightly bullish territory, signaling weakening bearish pressure. A continuation of this trend could lead to a MACD crossover, which would strengthen the case for a bullish breakout. However, until such confirmation arises, the pair remains in a consolidative state.

Both the 9 EMA and 20 EMA are nearly aligned, emphasizing the lack of strong directional bias. A breakout above the EMAs, particularly with increased trading volume, could validate bullish entry points.

Potential Entry and Exit Points

For bullish trades, consider entering on a break above $4.2291, with potential targets at $4.2522 or $4.3275. A stop-loss below $4.2213 can help manage risks. For short positions, rejections at $4.2291 could provide opportunities, with exits near $4.1812 or $4.158.