Sui poised for rally if it breaks above $2.34

SUI has rebounded 5% to $2.22 after breaking above its descending trendline since January. A close above $2.34 could trigger a 30% rally toward the next resistance at $2.90. The RSI sits at 50 and is rising, showing weakening bearish momentum. A bullish MACD crossover also appeared last week. However, failure to break through may lead SUI back to retest the April 7 low at $1.71.