SUI Technical Analysis – 4-Hour Chart
SUI has been stuck horizontally in the $3.22–$3.32 band for a while. This region works both as a defensive line for buyers and as an area where sellers apply resistance pressure. Currently priced at $ 3.23, SUI is at the decision stage in this band.
In the upward scenario, it is difficult to talk about a strong acceleration unless the $ 3.3260 level is clearly broken. If this resistance zone is exceeded, the $3.59 and then $4.29 levels become the target, respectively. Especially the closures above $3.60 may create a rally mood again.
Below the $3.22 level is critical. In case of a break, the initial support is at $2.9477. This level is also where the previous strong buying zone started. If it hangs down from here, a wide selling area opens up to the December of $ 2.69 – $ 2.61. This region contains both volumetric support and had worked as a strong consolidation region before the previous rise.
In summary, SUI is currently stuck in the horizontal and is looking for direction. While closures below $3.22 may accelerate the decline, prices above $3.3260 may bring buyers back into play. For a clear direction, the breaking of one of these two levels should be followed.
