$SUI is showing a notable reaction after tapping the lower boundary of its descending channel, following a period of aggressive selling pressure. This level has acted as a key technical support, and today’s strong bounce suggests that buyers are stepping back in with renewed confidence.
The broader market structure remains tilted downward, but within this falling channel, SUI now has room for a healthy retracement — assuming bullish momentum continues.
🔹 Key Levels to Watch
➡️ Upside Potential:
If buyers sustain pressure, SUI could make a move toward the 1.55 region, aligning with the upper diagonal resistance. This area represents the next major reaction zone and could determine whether the asset breaks out or continues its broader downtrend.
➡️ Downside Risk:
A decisive loss of the 1.38 support level would invalidate the current rebound and potentially expose SUI to deeper downside within the channel.
📊 Market Outlook
SUI’s current bounce is constructive, but the trend remains fragile. Traders will be watching for follow-through buying, higher lows, and a clean reclaim of mid-channel levels before calling for a sustained trend reversal.
For now, momentum favors the bulls — but only as long as 1.38 holds firm.
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