Sui price up 5.16% intra-day: bullish structure remains strong
Sui has rallied 5.16% over the past 24 hours, bouncing strongly from recent levels. Although the move has now encountered technical resistance, the broader market structure remains decisively bullish.
Sui (SUI) price action has posted a notable 5.16% gain in the last 24 hours, reflecting renewed buyer interest and momentum. While the short-term rally has approached a local resistance level, the overall market structure remains firmly bullish. The current price action is part of a broader consolidation within a high-timeframe uptrend, with bulls maintaining control despite potential intraday pullbacks.
Local Resistance at $3.88: Sui has approached the 0.618 Fibonacci retracement level, which aligns with the channel midpoint and is currently acting as resistance.
Bullish Market Structure: The overall trend remains bullish with higher highs and higher lows still intact on the macro timeframes.
Key Support# at $3.33: A potential pullback could retest the $3.33 level, where multiple confluences including the VWAP and 0.618 Fibonacci suggest a strong buy zone