Timeframe: 1 day. SUI in dollars. At the level of 2.2374, an important support zone is observed. After a prolonged downward movement, the price reached this level and showed a rebound, which may indicate the formation of a "double bottom" pattern — a potential trend reversal signal.
Considering the pronounced strength of the previous bearish impulse, I assume that this level represents a reliable support. If buying interest is maintained, I believe that an upward movement towards the next resistance around 5.4157 is possible in the near future.
This analysis reflects solely my view of the market and is not an investment recommendation.