$SUI #supportandresistance Chart description
Price is around 1.82–1.83, showing a strong bullish rebound from the recent low near 1.30.
The move upward was impulsive, indicating strong buying interest.
Price is above EMA(7) ≈ 1.77 and EMA(25) ≈ 1.63, which is bullish short- to mid-term.
However, price is still below EMA(99) ≈ 1.98, which is acting as a major resistance.
RSI(6) ≈ 72 → entering overbought zone, so short-term pullbacks are possible.
Volume expanded during the rally, confirming strength, but recent candles show some hesitation near resistance (~2.00–2.02).
Key Support Levels
1.77 – 1.75
Immediate support
Near EMA(7); healthy pullback zone
1.63 – 1.60
Strong support
EMA(25) + previous consolidation area
1.55
Horizontal support
Previous resistance turned support
1.30 – 1.32
Major support
Recent swing low and strong demand zone
Summary
Trend: Bullish but slightly overextended
Bias: Bullish above 1.63
Watch for: Pullback toward 1.75–1.77 for continuation
Disclaimer : it's not a financial advice always do your own research .