**๐๐ Short-Term Technical Analysis of SUI โ Whatโs Next After $3.88?**
### ๐ Current Price Action
- **Current Price:** $3.88
- **Recent High:** $4.20
- **Short-Term Trend:** Sideways to slightly bullish
SUI has pulled back from its recent high of **$4.20**, suggesting profit-taking or resistance pressure. However, buyers have stepped in around the **$3.85โ$3.75** zone, which acted as support in previous sessions.
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### ๐ Key Technical Levels
- **Immediate Support:** $3.75 โ $3.65
This zone aligns with a prior consolidation area and Fibonacci retracement level.
- **Stronger Support:** $3.50
A deeper pullback could find support near the 50-day EMA (~currently at $3.48).
- **Resistance Zone:** $4.05 โ $4.20
Breaking above $4.05 could signal renewed bullish momentum.
- **Breakout Target:** $4.50+
A strong daily close above $4.20 would open the door for a test of all-time highs depending on volume and broader market conditions.
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### ๐ Short-Term Outlook (Next 3โ5 Days)
Hereโs how things could unfold:
#### โ **Bullish Scenario:**
If SUI holds above **$3.75** and breaks above **$4.05**, we could see a quick move toward **$4.20โ$4.50** within the week.
#### โ **Bearish Scenario:**
A daily close below **$3.65** may lead to further consolidation or a retest of **$3.50**, especially if broader market sentiment weakens.
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### ๐ Summary Table
| Parameter | Value |
|----------|-------|
| Current Price | $3.92 |
| Short-Term Support | $3.75 โ $3.65 |
| Stronger Support | $3.50 |
| Resistance Zone | $4.05 โ $4.20 |
| Bullish Target (Week) | $4.50+ |
| Bearish Target (Week) | $3.50 โ $3.20 |
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### ๐ฌ Final Thoughts
SUI appears poised for a potential short-term bullish move, but needs to break above **$4.05** with strong volume to confirm the trend. Traders should watch this key level closely in the coming days.
Are you buying the dip or waiting for a breakout?
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