$SUI is currently trading around the 1.40 area after failing to sustain above the previous swing highs near 1.75–1.80. The daily structure shows a clear distribution-to-correction phase, with price printing lower highs after the rejection from the top. Recent candles suggest weakening bullish momentum, as rebounds are getting sold into quickly, indicating that sellers are still active on rallies. The broader move from 1.30 to 1.79 now appears corrective rather than impulsive.

SUI

1.4111

-0.89%

From a technical perspective, 1.30–1.32 remains a key demand zone, previously acting as a strong reaction base. Holding above this area keeps SUI in a wider consolidation range rather than a bearish continuation. On the upside, 1.48–1.52 is the first meaningful resistance, followed by 1.60, where prior supply is stacked. Unless price reclaims and holds above these levels on a daily closing basis, the structure favors range-bound to mildly bearish behavior, with patience required for confirmation of the next directional move.