$SUI is entering a critical technical phase as price action compresses beneath long-term descending resistance while buyers continue to defend key support zones. Recent intraday activity showed strong demand emerging near the $1.33–$1.35 region, triggering a swift rebound after a brief dip below the $1.40 psychological level.
The recovery reclaimed multiple price levels with limited pullback, suggesting reduced sell-side pressure. Rising trading volume, which reached nearly $1.08 billion in 24 hours, further supports the view that buyers are actively absorbing supply rather than reacting passively.
Structurally, SUI continues to print higher lows beneath a descending trendline drawn from prior highs. This type of compression often precedes a sharp expansion as liquidity tightens. Long downside wicks and repeated defenses of horizontal support indicate accumulation behavior.
Immediate support now rests around $1.40–$1.42. As long as this zone holds, SUI remains positioned for a potential volatility breakout once resistance resolves.
