$SUI
Key Highlights:
Major Highs:
$3.2127 and $2.9818 are previous swing highs, showing strong resistance zones where the price got rejected.
Major Low:
This was followed by a consolidation phase, where price moved sideways in a tight range (likely a sign of accumulation or indecision).
Breakout Point:
After consolidation, the price broke out and hit $2.5010, then retraced again.
Recent High:
Price reached $2.8099 before falling back again, suggesting another resistance point.
Current Range:
The asset is currently trading between a support zone (~$2.20) and resistance (~$2.50–2.60).
What to Watch Next:
1. Break Above Resistance:
If the price breaks and holds above $2.60, it may attempt to re-test the $2.80 or even $3.00 levels.
2. Failure to Break:
If resistance holds, we might see a dip back to the $2.20 support range.
3. Volume Confirmation:
Any breakout, up or down, needs strong volume to confirm the move.
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