$SUI Breaks $4 โ€“ Is the Uptrend Sustainable? ๐Ÿš€๐Ÿ”ฅ

SUI is up 11.85%, reaching a high of $4.1926, and is currently consolidating around $4.1262. The question is โ€“ will SUI maintain its momentum or face a correction?

Technical Breakdown ๐Ÿ“Š:

โœ… Bollinger Bands: Price is near the upper band, suggesting strong buying pressure but also increased volatility.

โœ… RSI (6): 38.26 โ€“ Cooling off after the rally, which may signal consolidation before the next move.

โœ… MACD: -0.0031 โ€“ Showing signs of slowing momentum but still in bullish territory.

Key Levels to Watch:

๐Ÿ”ผ Resistance: If SUI breaks $4.22, a move toward $4.50-$4.80 is possible.

๐Ÿ”ฝ Support: If it retraces, watch $3.98 and $3.75 as key support zones.

Final Thoughts ๐Ÿ’ก:

SUI is still in an uptrend, but the momentum is slightly cooling off. A breakout above $4.22 could trigger the next leg up, while failure to hold above $4.00 might lead to a short-term correction before resuming its rally.

Are you bullish or bearish on SUI? Drop your thoughts below! ๐Ÿ‘‡๐Ÿ’ฌ