TradeCityPro | SUI: Bullish Push Faces Key Resistance Test

👋 Welcome to TradeCity Pro!
In this analysis, I want to review the SUI coin for you. It's one of the DeFi layer-1 projects that was highly hyped in 2024 and has recently gained renewed attention due to some news from the project.

🔍 This project's coin, with the symbol SUI, has reached a market cap of $11.3 billion, ranking it 11th on CoinMarketCap.

📅 Daily Timeframe
As you can see in the daily timeframe, since the last analysis I shared in this channel, the price has rebounded from the support zone I highlighted and, after breaking the trendline, made a bullish leg up to 3.6402.

📊 A significant amount of buying volume has entered the market, and the RSI has entered Overbuy territory. These two factors drove the bullish move, and the 3.6402 resistance is a key level that has temporarily held off further price increases.

✔️ Currently, we’re seeing a few corrective candles that caused the price to reject from this resistance, but it's holding up well and still looks poised to move back toward this level.

🛒 For spot buying, if the price moves back toward this area, you can enter a position on a break of 3.6402. The next trigger is the break of 4.0866, and the main resistance ahead is 5.2689.

🔽 If a correction occurs, support levels are 2.7830 and 2.2495. If price retraces, these can serve either as short targets or long entry zones depending on the price reaction.

📉 Confirmation of trend reversal would come if the price fails to make a higher high above 3.6402 and breaks the current low. After that, we can consider opening a short position.

📝 Final Thoughts

This analysis reflects our opinions and is not financial advice.

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