$SUI SUI gained momentum after breaking above the 50-day simple moving average ($3.10) on July 10.

The upward movement has reached near the upper resistance of $4.30, where sellers are expected to present a strong defense. There is support at $3.81 and then at the 20-day exponential moving average ($3.37). If the price bounces off the 20-day EMA, the bulls will try again to push the SUI/USDT pair above $4.30. If they succeed, the pair could rise to $5 and eventually to $5.37.

This optimistic view will be short-term invalidated if the price drops and breaks below the 20-day EMA. That suggests that the bulls are losing control. The pair could then fall to the 50-day SMA.