$SUI is consolidating below the $3.50 resistance, a level aligned with VWAP and a former support zone. Bulls need a clear break above this level to regain momentum.
Recent bounces near short-term EMAs suggest stabilization, but traction remains weak without a decisive move past $3.50.
A breakout could open the path toward $4.00-$5.00, but lower highs since the $5.25 rejection indicate lingering selling pressure.
While SUI fundamentals remain strong, near-term caution is warranted due to weak sentiment and declining open interest. For now, the market is in a neutral wait-and-see mode until $3.50 is decisively reclaimed or broken.
