#The current price action of **$SUI ** suggests a **bullish consolidation** after a strong rally, with key levels to watch for the next move. Here’s a breakdown:
### **Key Observations:**
1. **Recent Rally & Pullback:**
- $SUI surged from **$3.39 to $3.87** (a **~14% spike**), followed by a minor retracement.
- Now stabilizing around **$3.69**, indicating **bullish fatigue but no major weakness**.
2. **Support & Resistance Levels:**
- **Immediate Support:** **$3.62** (minor pullback level) → If held, bulls may push higher.
- **Stronger Support:** **$3.50** (key psychological & swing low).
- **Resistance Levels:** **$3.79** (local high) → Break could retest **$3.87** (24H high).
- **Next Target:** **$3.90+** if momentum resumes.
3. **Market Sentiment:**
- **Volume:** **102M SUI** traded in 24H, showing decent interest.
- **Price Action:** Healthy pullback after a strong move (normal profit-taking).
### **What’s Next?**
- **Bullish Scenario:**
- If **$3.62 holds**, expect another push toward **$3.79 → $3.87+**.
- A breakout above **$3.90** could extend gains toward **$4.00**.
- **Bearish Risk:**
- If **$3.62 breaks**, watch **$3.50** for buyer reaction.
- A drop below **$3.50** could signal a deeper correction (but uptrend remains intact unless **$3.39** breaks).
### **Short-Term Outlook:**
- **Bulls still in control**, but consolidation needed before next leg up.
- **Trade Idea:**
- **Long near $3.62** (stop loss below $3.50) → Target $3.79–$3.90.
- **Break above $3.87** could trigger FOMO buying.
**Conclusion:** SUI remains in an **uptrend**, and dips are likely being bought unless key support fails. Watch **$3.62** for the next move. 🚀
DYOR – Crypto is volatile! #cryptouniverseofficial #CryptoTrends2024
