$SUI Powerful Rally Pulls Back: Is This Just a Pause or a Reversal?

SUI is trading at $2.9439 with a strong +21.08% daily gain, but the recent red candle signals a short-term rejection from the $3.07 zone. Despite the dip, buyer interest remains dominant (73.20% bid strength), suggesting bulls may not be done yet.

Key Levels to Watch

• Resistance:

$2.9800 – Local resistance

$3.0300 – Intraday breakout level

$3.0730 – 24H high and critical rejection zone

• Support:

$2.9200 – Immediate support

$2.8800 – Breakdown risk area

$2.8000 – Strong base for trend continuation

Trade Setup – Bulls Still Have Room If Held

• Bullish Entry:

A bounce above $2.9800 may resume the rally.

Target 1: $3.0300

Target 2: $3.0730

• Bearish Entry:

A fall below $2.9200 could trigger deeper correction.

Target 1: $2.8800

Target 2: $2.8000

Stop-Loss Tip:

Use tight stops just below $2.9150 (for long) or above $2.9850 (for short) to manage risk.

SUI remains in a strong trend—monitor closely to catch the next leg if volume reactivates near key levels.