$SUI – bouncing from local support, momentum still cautious
Price is trading around $1.5992, up +0.81% on the day
Intraday high $1.6300 | Intraday low $1.5842
After a sharp rejection from the $1.63 area, SUI found buyers near $1.58 and bounced. The recovery looks technical, driven by short-term demand rather than strong volume expansion. Buyers are active, but conviction is still light.
Key Levels
Support
$1.58 – $1.585 (strong intraday base)
Resistance
$1.61 – $1.63 (supply zone from the recent sell-off)
Trend
Short-term: Bearish to neutral
Lower highs remain intact, but downside pressure is slowing.
Trade Idea
If price holds above $1.58 and breaks $1.61, a move toward $1.65 can follow.
If price fails below $1.58, downside continuation toward $1.55 is likely.
Main takeaway: $SUI is stabilizing after a drop — strength only confirms if it can reclaim $1.61+ with follow-through.
