$SUI just went vertical from the 1.00 zone and now the market is testing whether this was a breakout… or exhaustion. 👀
Current price: 1.286
Key levels I’m watching:
Support zone: 1.26 – 1.28
Major support: 1.22
Resistance: 1.34
Main breakout level: 1.42
The move from 1.10 → 1.42 happened extremely fast.
Now we’re seeing profit taking candles appear near local highs.
That usually leads to one of two things:
• healthy consolidation before continuation
or
• late longs getting trapped at resistance
If bulls defend 1.26 – 1.28 strongly, I think SUI can attempt another push toward 1.34 and possibly retest 1.42 again. 🔥
But if 1.22 breaks cleanly, momentum could cool down fast and send price back toward the previous breakout range near 1.10.
Personally, I’m not chasing green candles after a straight vertical run.
I’d rather watch how price reacts at support first.
This next few candles decide whether SUI is building continuation… or distribution. 👀
