SUI is at a key decision point on the 4H chart. The current structure may either be:
a classic impulse wave, with wave (5) still incomplete, or
a bearish ending diagonal, suggesting the uptrend is losing strength.
If this is an impulse, price could continue toward the upper boundary of the wedge to complete wave (5).
However, if this is an ending diagonal, a sharp breakdown could target the support zone around $2.93, near wave (2).
📌 Stay cautious until a breakout or breakdown confirms the direction.
🕰️ Timeframe: 4H (Binance)
📉 Key support: $2.93