SUI BREAKDOWN OR SPRING LOADING?
O $SUI RETESTING CHANNEL SUPPORT
Sul is pulling back after rejecting near the 4.43 resistance and is now approaching the
3.25-3.30 support area within an ascending channel. Price action is consolidating inside a falling wedge, which often precedes bullish reversals.
As long as the lower boundary of the wedge holds, a rebound toward 3.92 remains on the table. A breakout above 3.50 would validate this reversal scenario.
Structure favors a potential sharp recovery if support holds.
