Sui recently broke through the key resistance level of $4.27. This breakout, along with the crossover of the 9-day and 21-day moving averages (MA), indicates strong bullish momentum.
However, the Average Directional Index (ADX) is at 25.05, suggesting medium trend strength, implying potential consolidation in the short term. Therefore, maintaining support above $4.27 is crucial for sustaining the upward trend and further establishing bullish momentum.
