$SUI is showing strong bullish momentum but is now testing a key resistance level at $3.11. The price recently touched $3.0897 but faced rejection, signaling potential hesitation from buyers.
Key Levels to Watch:
- A confirmed breakout above $3.12 could trigger further upside.
Upside targets: $3.25 and $3.40
Stop loss for long positions: Below $3.00
- If the price fails to break $3.11, a healthy pullback toward the $2.80 - $2.75 zone is likely.
Dip-buying targets: $2.95 and $3.10
Stop loss for long positions: Below $2.70
- Clear rejection around $3.11 also presents a short-term short setup targeting $2.88 and $2.76
Summary:
If SUI breaks and holds above $3.12, expect bullish continuation. If rejection holds at $3.11, watch for a pullback to key support zones and potential short opportunities.
