Based on the provided $SUI /USDT chart, SUI is showing strong bullish momentum with a current price of $1.5994, up 10.28% in the last 24 hours. The price reached a 24-hour high of $1.6341, indicating strong buying pressure, but it has faced some resistance at this level. The 24-hour low of $1.4210 highlights a substantial price recovery, showing that buyers are stepping in aggressively to drive the price higher.

If SUI can break above the $1.6341 resistance level, it could target the next key level around $1.6650, a previous high where selling pressure may increase. On the downside, strong support can be observed near $1.4210, which was previously tested and held. A breakdown below this level could signal a bearish reversal, bringing the price back towards the $1.2129 range for a potential retest.

Given the bullish trend, traders may look for long opportunities above $1.6341, aiming for the next resistance levels, while maintaining a close watch on support around $1.4210 for potential pullbacks. A continuation of volume and momentum could see SUI pushing through further highs, while traders should also watch for signs of exhaustion or reversals.

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