$SUI is now sitting directly on its strong support zone at $1.72–$1.80.
This area has worked as a major demand level for almost a year, and every time price came here before, buyers stepped in strongly.
If this support holds again, we can expect a bounce toward $1.96, then $2.15, and maybe $2.38 as price fills liquidity above previous highs.
But if $SUI breaks below $1.72 with a daily close, the support becomes weak and price may fall toward $1.55 and $1.42 — which are good levels for DCA buying.
Right now price is at the turning point, so the reaction from this zone will decide the next move.
This area has worked as a major demand level for almost a year, and every time price came here before, buyers stepped in strongly.
If this support holds again, we can expect a bounce toward $1.96, then $2.15, and maybe $2.38 as price fills liquidity above previous highs.
But if $SUI breaks below $1.72 with a daily close, the support becomes weak and price may fall toward $1.55 and $1.42 — which are good levels for DCA buying.
Right now price is at the turning point, so the reaction from this zone will decide the next move.