🚨 SUI Market Update – Key Support Holding, But Will It Last? 🚨
📊 SUI’s Recent Rally Faces a Critical Test!
SUI was one of the best-performing altcoins in recent days, making a strong move up before facing sharp rejection at resistance. The ongoing pullback is deeper than expected for a Wave 4, raising concerns about support holding.
🔍 Key Levels to Watch:
🔹 Support Zone: $2.36 - $2.64 (crucial for maintaining bullish structure)
🔹 Pivot Level: $2.36 – Below this, a drop to $2.00 - $1.86 is likely.
🔹 Bullish Trigger: A strong reversal from support with a clear five-wave move up.
⚠️ Market Context:
✅ Diagonal Pattern Formation – Still within valid bullish parameters.
⚠️ Weak Structure in the Current Pullback – No confirmed reversal yet.
📉 Break Below $1.86 = End of the current bullish cycle.
📌 What’s Next for SUI?
🚀 Bullish Scenario: If an impulsive breakout happens, SUI could target $4 - $5 and beyond in the next wave.
📉 Bearish Scenario: A failure at support could lead to a deeper correction and loss of momentum.
💬 Do you think SUI will bounce back or is a bigger drop coming? Share your thoughts! 👇
