SUI Approaching Key Support — Is This the Next Buying Opportunity?
SUI saw a strong recovery from the $1.71 level, recently hitting a local high around $3.90. Now it's going through a healthy pullback and is trading at approximately $3.79, down -1.98% on the day.
On the 3D chart:
The EMA(7) sits at $3.62, just below the current price — acting as a potential dynamic support.
Both the EMA(25) and EMA(99) are sloping upward, supporting a broader bullish structure.
The RSI(6) is at 69.56, close to the overbought zone — this pullback may help reset momentum before the next leg up.
Volume surged during the last green candles, showing strong buying interest during the recovery. Now, price action is testing a critical support area.
Key levels to watch:
Support: $3.62 (EMA7) and the $3.40–$3.50 region
Resistance: $3.90 and the psychological barrier at $4.00
My take:
After a powerful move, SUI is pulling back into a potential buy-the-dip zone. If it holds above the EMA(7) and prints a bullish candle, this could be a high-probability entry with tight risk and upside potential toward new highs.
Are you watching SUI for a bounce, or waiting for a deeper correction?
