Technical Analysis for SUI/USDT Pair on 4-Hour Time Frame

The current price of the SUI/USDT pair is forming a traditional cup and handle pattern, which is a bullish continuation signal.

• The cup pattern formed between February and late April with rounded bottoms.

• The handle formed in early May as a slight pullback.

• The price is currently testing a resistance level ranging from $4.20 to $4.50.

• The price is currently testing a key support level at $3.50, which is the breakout level.

Outlook:

• If the price exceeds $4.50 with strong trading volume, the next target may be $5.00 or more.

• Failing to hold above $3.50 could lead to a retest of the $3.00 level.

Bias: Bullish, with anticipation of breakout confirmation.