Fundamental Drivers: Sentiment remains cautiously optimistic due to Bitwise’s recent SUI ETF filing and the Mysticeti consensus upgrade, which has significantly reduced network latency.
Technical Bias: Short-term bearish until support is found. The MSB suggests a "sell the rally" environment until the Bu-OB is tested.
Action Zone/Target Rationale
Buy Entry $1.35 – $1.40 Alignment with the Bullish Order Block (Bu- OB) and psychological support.
Sell Target $1.58 – $1.65 Convergence of the Be-MB and primary resistance zone.
Stop Loss Below $1.30 Invalidation of the current bullish structure.
