$SUI Analysis: Bullish Momentum Nearing Resistance
$SUI is currently trading at $4.2987, showing a solid recovery from its low of $3.9460. The price is approaching a key resistance zone, indicating strong bullish activity.
Key Levels to Watch:
Resistance: $4.2957 – A breakout here could pave the way toward $4.3500 or beyond.
Support: $4.1839 – Maintaining above this level is crucial for sustaining the upward trend.
Trade Setup:
Entry Point: $4.2944
Targets:
1. $4.5200
2. $4.7500
3. $5.000
Stop-Loss: $4.1500
Market Insight:
$SUI is attracting strong buying interest, as reflected in the rising volume. If it successfully breaks the $4.2957 resistance, further upward movement is likely. However, failure to do so might trigger a short-term pullback to $4.1839 before another breakout attempt.
Monitor these levels closely for a confirmed breakout or potential reversal. Stay prepared and trade wisely.
