#SUI The price is likely to enter a consolidation phase first.
This rally climbed from $0.68 to $1.29, putting the 0.618 retracement level at around $0.913.
If SUI pulls back into the $0.89–$0.93 range, then stabilizes and consolidates there while holding support at the bottom, a breakout above the top of the range could open the door to a new rally.
The first resistance levels to overcome are $1.06 and $1.15. Only after breaking through them will there be a chance to retest the previous high of $1.29.
This outlook depends on the price first completing a bottoming formation. If it falls below $0.818, the bullish outlook will be invalidated.
This rally climbed from $0.68 to $1.29, putting the 0.618 retracement level at around $0.913.
If SUI pulls back into the $0.89–$0.93 range, then stabilizes and consolidates there while holding support at the bottom, a breakout above the top of the range could open the door to a new rally.
The first resistance levels to overcome are $1.06 and $1.15. Only after breaking through them will there be a chance to retest the previous high of $1.29.
This outlook depends on the price first completing a bottoming formation. If it falls below $0.818, the bullish outlook will be invalidated.