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Hello everyone.
#SUI is currently trading inside a well-defined range, with price recently rejecting from the range highs around $1.04–$1.06 and now rotating back.
Right now, the focus shifts to the support zone around $0.88–$0.90, which has acted as a strong base multiple times. A move into this region is likely, and how price reacts there will be critical for the next direction.
As long as $SUI remains below the range highs, the bias stays bearish, with downside pressure building.
A break below support could open the move toward the range lows near $0.78–$0.80. Until there is a clean reclaim of the highs, rallies are likely to be sold into strength.