$SUI Recovery or Fakeout? Price Hugs Key Level at $4.01
SUI is trading at $4.0194, up 0.29% after rebounding off intraday support. Bulls are trying to reclaim control but the overhead resistance near $4.05 remains a hurdle. A breakout or rejection here will dictate the next short-term direction.
Key Levels
• Resistance Zone: $4.05 – $4.08
• Support Range: $4.00 – $3.95
Trade Outlook
Bullish Breakout:
If SUI breaks and holds above $4.05:
• Target 1: $4.10
• Target 2: $4.18
• Final Target: $4.25
Bearish Breakdown:
If it loses $3.95 with volume confirmation:
• Target 1: $3.90
• Target 2: $3.85
• Final Target: $3.75
With 60.81% buyer strength, momentum currently favors bulls. Watch for volume buildup near $4.05 to validate a continuation breakout. A failed push could lead to a quick selloff back into the $3.90s.