SUI Market Analysis (Not Investment Advice)

Current Price: 2.296U
SUI today performed like an old veteran who has sharpened his sword for three days, finally challenging the "Old High" again—around the resistance zone of 2.30U. This is the third time hitting this range, let's see if we can break through this time!
Key points in the image:
1. "Easy Interval" Sideways Structure:
• In the past two days, SUI has been moving sideways between 2.22 ~ 2.30U, which belongs to a consolidation range;
• Today, we have once again reached the upper edge, indicating that the bulls are trying to exert strength again.
2. Three test pressure zones:
• The blue dots in the image indicate the three suppression points, and 2.30U is clearly a tough nut to crack;
• If the bulls fail to break through this time, it will be easy to return to the bottom of the range again.
3. EMA20 support + MACD turning positive:
• The price has risen above EMA20, indicating a strengthening of the short-term momentum;
• The MACD has just crossed above, green bars are shortening, bullish signals are strengthening, but the volume is still not too strong.
The current signal is moderately bullish, but the key is to break through the 2.30U resistance zone; otherwise, everything is in vain.
Risk Control & Reference Ideas:
• Radicals: Short near 2.30U, with a stop loss above 2.32;
• Wait-and-see faction: wait until it stabilizes above 2.32 before chasing higher;
• Defensive position: Once it falls below 2.26U, it indicates another false breakout, pay attention to the pullback to around 2.22.