While $SUI has enjoyed a notable run, the recent price action, especially the sharp rejection from around the $4.20 level, suggests a potential shift in momentum. The strong red candles hint at increased selling pressure coming into the market.
It appears that higher prices are being met with significant resistance, which could lead to a retrace or consolidation in the near term.
Keeping an eye on how SUI reacts to the $3.80 - $3.90 support zone will be crucial.
As always, market conditions can change quickly, so prudent risk management is essential.