Sui continues to recover nicely, slowly but surely. The action is happening in kind of a programmed way. Not too strong of a bullish impulse, instead, each resistance level is being conquered one at a time.
First, SUIUSDT moved back above 0.5 Fib. retracement. It found resistance at 0.382 and moved lower. After several weeks it moved forward and removed the 0.382 Fib. retracement resistance, now turned support.
As soon as this resistance broke, same with 0.5, there was a retrace. SUI is how moving above the 0.382 as support and so far it holds. This level was tested already 5 times, the last one being the current session, today, with a long lower wick and the action moved back above.
If SUIUSDT closes above this level, grey on the chart, we can say that support is confirmed. With support confirmed we can expect higher prices.
Slow steady growth is good here. If there is a drop, always a higher low compared to 7-April. That is, if there is a drop, it will recover very fast no doubt and then move higher.
SUIUSDT continues bullish.
Namaste.