$SUI Market Snapshot – Coiling for Direction 📊
$SUI is currently trading around 1.60, moving sideways in a narrow range as the market digests recent price action. The structure isn’t bearish — it’s more of a pause before the next move.
Price is holding above short-term support, showing that buyers are still present, but it’s also capped by nearby resistance, keeping momentum in check for now.
🔹 Bullish Scenario:
A firm push and close above the 1.61–1.62 zone would signal renewed strength. If that breakout holds, upside momentum could extend toward the 1.65–1.70 region, with a retest of the previous peak near 1.72 not off the table.
🔹 Support Zones to Watch:
First support: 1.59 – 1.58
Stronger downside cushion: ~1.52, where buyers previously stepped in aggressively
🔹 Volume Insight:
Trading volume remains steady, with brief bursts of buying interest. For a sustainable rally, bulls will need increased volume accompanying a breakout, not just a wick above resistance.
📌 Bottom Line:
$SUI is compressing in a tight range. Patience is key here — confirmation above resistance favors continuation, while failure could mean another dip toward lower support before the real move begins.
