$SUI – Critical Support Bounce or Bear Trap?

$SUI bounced from $1.7174 to $1.8214, showing signs of life after a sharp -15.80% drop. However, caution is key as this could be a relief bounce or a setup for further downside.

Key Levels:

Next Resistance: $1.89–$1.92

Support: $1.71 (already tested)

Major Support: $1.60

Momentum Confirmation: Only bullish if $1.95 breaks with volume.

Pro Tip: Watch for strong follow-through above $1.95. If not, don’t chase — this could just be a dead-cat bounce. Stay alert!