$SUI I: The chart suggests that the market may be preparing for another test of the key resistance level at $5.40, the current all-time high marked by the green line.
Even under the white scenario, there is a reasonable expectation that price could rally to new highs, provided the June low continues to hold.
A break below that level would weaken the bullish case, while a move beneath the April low would confirm a deeper breakdown.
For now, the focus remains on higher prices.