$SUI / USDT 1D Trend Shift Incoming? đ¨
SUI just broke out of a long descending channel and is now sitting right on top of the 0.236 Fib âConviction Zoneâ historically one of its strongest reversal levels.
This is the exact type of structure you want to see before momentum flips bullish.
⢠Price reclaiming structure after weeks of controlled bleed
⢠RSI curling up from the lows momentum is improving
⢠0.236 Fib holding as support (great sign)
⢠Next targets on breakout: $2.04 â $2.50 â $2.96
⢠Above $2.96 we open room toward the big $4.47 TP zone
The market sentiment is still recovering, but structurally this is where smart money accumulates, not exits.
Risk-to-reward here is attractive, and the chart supports a reversal as long as $SUI holds above $1.45â$1.52.
If BTC behaves, SUI is one of the assets positioned to move fast on momentum shifts. âĄď¸
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