$SUI
SUI continues to trade inside a descending wedge, with price pressing against the lower boundary around the $1.32–$1.38 region.
This zone has repeatedly absorbed sell pressure since early December, preventing sustained downside continuation.
Each push lower has attracted faster dip responses, signaling that sellers struggle to maintain control.
Below this area, the next key downside level rests near $1.18, where prior demand emerged after the November breakdown. However, price has failed to establish acceptance beneath this level.
On the upside, immediate resistance sits near $1.72, followed by a broader supply zone around $2.18, which capped multiple recovery attempts.
Therefore, the wedge structure reflects compression rather than trend strength, setting the stage for a volatility expansion once the price exits this range.