$SUI is finding support at the 20-day EMA ($4.64), indicating that the sentiment remains positive, and traders are buying on dips.
Buyers are trying to push the price to the overhead resistance at $5.37. If this level gets taken out, it will signal the resumption of the uptrend. The SUI/USDT pair may then attempt a rally to $5.82.
If bears want to prevent the upside, they will have to yank the price below the 50-day SMA ($4.21). If they manage to do that, it will signal that a short-term top is in place. The pair may slide to $4 and later to $3.50.
This Is Not An Investment Advise
