Recently, SUI has been consolidating below $3.90, showing that bulls are still struggling to resist and trying to build momentum. From the current structure, the price is brewing a directional choice; once it breaks through the $3.90 resistance level, it is expected to rise quickly, with the short-term target looking towards $4.25, and it cannot be ruled out that it may even challenge the important psychological level of $5.
However, it is important to note that if the bulls attempt to push higher but fail and encounter strong resistance again, the market may enter a corrective phase. Key support to watch is $3.35; once it is broken, it may pull back to $3.14 in the short term, with further support around the 20-day moving average near $2.84, which may attract a new round of buying.
Brief summary of operational advice:
If it breaks through $3.90: It is expected to welcome an acceleration in the upward movement, targeting $4.25-$5.00.
If it breaks below the $3.35 support: Be cautious of the pullback risk, and pay attention to the support strength around $3.14 and $2.84.
Conclusion: The current stage is in a critical pressure testing period; whether it accelerates through the resistance or consolidates for a pullback will become clear in the upcoming market. It is advised to respond flexibly and avoid blindly chasing highs or panic selling.