When a coin falls for a long time and then starts to move sideways, it is no longer a sell-off but an absorption of supply. SUI is doing just that. The range of 1.55 to 1.7 shows a pretty nice reaction, with continuous long-legged candles and light accumulation volume. This indicates that the money flow is no longer afraid and is waiting for a trigger.
If SUI breaks 1.85, the defensive short positions above will be swept away, paving the way back up to 2.2. And once it steps above 2.2, the L1 narrative can easily push the price much further than many expect. $3 is not an unrealistic target, but rather a zone that once had thick liquidity and has now thinned out a lot. As long as BTC maintains a green rhythm, SUI will have a strong chance to bounce back.
