SUI has finally broken out from its extended downtrend, showing a clean breakout above the descending structure. Price is now retesting the previous rejection zone, which has flipped into an important support area after the breakout.
If this retest holds, the chart suggests a potential continuation toward the next major resistance zone. The structure is showing early signs of a bullish reversal, with momentum beginning to shift to the upside.
For now, the key focus is how price reacts at this reclaimed zone — a strong confirmation here could open the path for a larger move upward.
If this retest holds, the chart suggests a potential continuation toward the next major resistance zone. The structure is showing early signs of a bullish reversal, with momentum beginning to shift to the upside.
For now, the key focus is how price reacts at this reclaimed zone — a strong confirmation here could open the path for a larger move upward.
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