SUIUSDT HOLDING STEADY - BIG MOVE AHEAD?Symbol - SUIUDST
SUIUSDT has entered a consolidation phase within the broader context of an emerging bullish trend. Current price action highlights a zone of interest and a potential trigger area that merit close monitoring.
Market sentiment toward SUIUSDT remains constructive. The formation of a rising trend is being reinforced by Bitcoin's ongoing strength and a relatively supportive macro and fundamental backdrop.
From a technical perspective, SUIUSDT is consolidating within a range bounded by resistance at 4.1100 and support at 3.8110 Notably, a substantial liquidity pool exists below the 3.8110 support level, which has yet to be tested. This suggests a high likelihood of a false breakdown occurring before a potential continuation of the upward trend. However, should bullish momentum accelerate, buyers may defend current levels more aggressively, potentially leading to a breakout above the 4.1100-4.2750 resistance zone and subsequent price stabilization above those levels - indicating further upside potential.
Key Support Levels: 3.8110, 3.6670
Key Resistance Levels: 4.1100, 4.2750
The broader cryptocurrency market, led by Bitcoin, appears to be undergoing a liquidity gathering phase as part of a local correction within a bullish trend structure. While a brief wave of liquidations occurred yesterday, there is currently no substantive evidence of a broader market downturn. In an ideal technical scenario, SUIUSDT could retest support around 3.8110, form a false breakdown, and subsequently resume its upward trajectory.
