SUI 1D – Holding Channel Support, Next Leg to $5?

SUI continues to respect its ascending channel, bouncing cleanly from the $3.20–3.30 demand zone and holding trendline support. Price is now testing mid-channel levels around $3.80, with momentum consolidating before the next directional move.

Bullish case: If the channel structure holds, SUI could target the upper boundary around $4.80–5.00, maintaining its higher-low formation.

Bearish case: A break back below the $3.20 demand zone would weaken structure, exposing downside toward $2.80–3.00.

The Stoch RSI is neutral, leaving room for momentum to swing either way depending on whether buyers or sellers take control here.

Key levels:

Demand support: $3.20–3.30

Channel resistance: $4.80–5.00

Breakdown risk: $2.80–3.00

SUI remains constructive while inside the channel — the next reaction at support will decide if this trend extends higher.