$SUI SUI is trading around $3.96 today with a day range of $3.76 to $3.99. It has gained around 44% this month, showing strong bullish momentum on daily and monthly charts.

Resistance & Pullback:

Faced rejection near $4.20 where bears took control. This suggests a short-term pause or mild retracement.

Support Zones:

Key support levels lie between $3.00 to $3.30

Stronger bearish fallback exists near $2.67 if $3.00 fails to hold.

Bullish Indicators

Breakout confirmed above $3 from a falling channel pattern

Volume has surged over 100 percent in July, indicating strong interest

Sentiment remains in greed zone around 73 showing bullish tilt

However some indicators are flashing caution due to overbought conditions

Chart Patterns & Forecasts:

Inverse head-and-shoulders and rising wedge seen

Price projection for July is around $5 if momentum continues

Targets by Q3 lie between $5 to $6

ATH of $5.35 might be revisited if price breaks $4.20

Summary Scenarios:

Bullish case: Staying above $3.00 and breaking $4.20 may push price to $5

Base case: Price consolidates between $3.30 and $3.75

Bearish case: Failure to hold support may drag it toward $2.67

Sentiment is hot so short-term correction is still possible

Technical Indicators Summary

RSI is overbought near 70 zone

Volume is elevated and confirms breakout

Price is holding well above 20 and 50 day moving averages showing bullish structure

Trade Tips:

Long entry possible between $3.30 to $3.50 if support holds

Stop loss recommended below $3.00

Target price remains $5 in near term

Final Take:

SUI is showing strength in July with rising price and volume

Next few sessions are critical

If it clears $4.20 convincingly, it could test $5 or more

If it fails, expect some healthy correction toward support levels