$SUI rebounded approximately 103% from its visible low near $0.64 to $1.30, breaking the historical descending trendline and establishing local higher highs and higher lows.
The current pullback puts $1.00–$1.08 demand in focus. The 0.382 Fibonacci near $1.048 adds confluence to this area.
If buyers defend the zone and price starts ranging, another higher low could develop before a fresh test of $1.23–$1.30 supply.
A confirmed daily breakout above $1.30, followed by a successful retest, would strengthen the path toward $1.4118.
That historical resistance remains the bigger structural test. Clearing it would bring the Fibonacci extensions near $1.48 and $1.708 into focus, followed by the extended $2.0251 target.
The final level represents approximately 81.1% upside from the chart’s $1.1184 price, with corrections and higher lows along the way.
A daily loss of $1.00 weakens the setup. Below it, $0.97 and the 0.618 near $0.892 become the next support references.
Can $SUI turn this pullback into the next higher low?
$GALA weekly down 99.7% from the 2021 peak and the bleeding finally stopped at 0.0015 in August. Two green weeks off the floor before this small red one. First target at 0.0042 is the breakdown level from early 2026, roughly 74% away. Second at 0.021 is the old 2025 range, roughly 765%. Dead cats do not bounce twice.