After a stunning 75% surge, $SUI is now flashing signs of fatigue as it bumps into a major resistance zone. While the bullish trend remains intact, key technical signals suggest a short-term pullback could be brewing—setting the stage for the next explosive move.
SUI’s Rally Hits a Speed Bump
SUI’s recent surge has been impulsive and strong, reflecting serious bullish momentum.
But now, price is struggling at a critical resistance zone—where the 0.618 Fibonacci retracement and a previous range high converge.
This isn’t just any resistance—it’s a structural ceiling, and the current rejection hints at a swing-failure pattern (SFP), a classic sign of short-term exhaustion.
Key Levels to Watch
✅ Resistance: 2.70−2.70−2.80 (Fibonacci + range high)
✅ Support: 2.40−2.40−2.70 (VWAP + range mid)
✅ Trend Structure: Potential Wave 3 expansion brewing after a corrective dip
A pullback here wouldn’t be a bearish reversal—it’d be a healthy reset before the next leg up. Traders should watch for higher lows forming around key support levels, which could serve as the launchpad for the next rally.
Market in Balance: The Calm Before the Storm?
Volume is tapering off, signaling either consolidation or a minor correction.
Price is now rotating between 2.40and2.40and2.70—a battle zone where buyers and sellers are fighting for control.
This kind of indecision often precedes a big breakout, especially after such a strong move.
A Strategic Pause Before the Next Leg Up
SUI’s bullish trend is still strong, but markets rarely go up in a straight line. A brief pullback would reset momentum, allowing for a stronger Wave 3 expansion—the kind of move that doubles entries for those who position wisely.
Watch the key levels, wait for confirmation, and get ready for the next big move. 🚀
