$SUI /USDT 4-Hour Chart Analysis

SUI is currently trading at $3.9660, showing slight consolidation after a sharp rally that began around May 9. The price has recently hit a 24h high of $4.2740, suggesting strong bullish momentum is still present, despite a minor pullback.

Key Observations:

Strong Breakout: The move above the $3.50 resistance on high volume was a major breakout signal. The rally reached a peak of $4.27 before encountering some selling pressure.

Current Structure: SUI is forming a bullish flag or consolidation zone just below the recent high, which could be a sign of strength and continuation if it breaks upward.

Support & Resistance:

Immediate support: $3.85–$3.90 zone (previous resistance turned support).

Immediate resistance: $4.27 (recent high); a break above this could trigger a move toward $4.50+.

Technical Implications:

If bulls maintain control and volume increases again, a breakout above $4.27 could lead to the next leg higher.

If price fails to hold above $3.85, a deeper retracement to around $3.50 may follow—but the overall trend remains bullish unless lower supports break.

Volume tapering off slightly, but still above average, which is encouraging for bulls.