$SUI CONSOLIDATES NEAR HIGH – BREAKOUT SETUP OR SHORT-TERM EXHAUSTION?
SUI/USDT is trading at $2.4253, hovering just below recent highs after a strong intraday rally. Bulls are holding ground, but the price is squeezed between support and resistance—setting the stage for a breakout or pullback.
Key Levels to Watch
• Resistance Zone: $2.4350 – $2.4500
A clean breakout above this range could lead to an explosive move higher.
• Support Zone: $2.4150 – $2.4050
If this support fails, it could trigger a short-term selloff.
Trade Setup – Momentum Building or Fading?
Bullish Scenario:
If SUI breaks and holds above $2.4500, buyers could aim for:
• Target 1: $2.48
• Target 2: $2.52
Bearish Scenario:
A drop below $2.4050 could bring a deeper pullback targeting:
• Target 1: $2.38
• Target 2: $2.35
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