SUI Breaks Consolidation with Higher-Low Structure, Signaling Bullish Continuation
SUI has breached the $1.45 resistance level, signaling a potential breakout from its prolonged consolidation phase. The formation of a higher-low pattern suggests accumulating buyer interest, though the broader market trend remains cautiously optimistic.
Technical analysis reveals a classic cycle: sideways trading, distribution, corrective dips, and early recovery. The 2-hour chart shows rejection NEAR range highs and firm support at the lows, creating the liquidity necessary for a decisive move. A clean breakout above recent peaks could confirm upward momentum.
Following its earlier breakdown, SUI's sharp bearish impulse has given way to more controlled corrections, with waning selling pressure indicating stabilization. The cryptocurrency is now testing key levels that may determine its next directional phase.
