SUI looks ready to move toward $1. After a sharp correction across most altcoins, the price reached an obvious level—the sweep of the August or September low.

That level has already been taken out. If SUI can move back above recent support (which is now acting as resistance), the move could develop quite quickly.

The structure looks like a classic liquidity sweep below the lows, followed by an attempt at a reversal.

Trading Plan

Bullish scenario:

Area of interest — a retest and hold above recent support/resistance.

Confirmation — a decisive breakout with volume.

Target — $1.

Stop — below the swept low.

Invalidation — a new low and a hold below.

Alternative scenario: if the price fails to reclaim the level and moves lower, the reversal structure will be broken.

Risks: overall weakness in the altcoin market, dependence on Bitcoin, and low liquidity. There is also a risk of a false breakout.

Right now, the focus is on SUI’s ability to reclaim and hold the level that previously acted as support. This will be the trigger for a potential move toward $1.

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