๐ $SUI โS RECOVERY MEETS A KEY RETEST | $2.0251 SCENARIO
$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 $1.00โ$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 $1.23โ$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 chartโs $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?
$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 $1.00โ$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 $1.23โ$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 chartโs $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?