SUIUSDT Locally, a trendline is acting as resistance. Scenarios: • Bullish: Break above the trendline → potential growth, though resistance may appear near 3.39. A successful breakout above the weekly pivot opens the path to 3.60–3.72 📈 • Bearish: On the daily chart, the 233 EMA is holding as support. If it breaks and price fails to reclaim it → decline toward 2.87 📉
SUIUSDT price respected the mid-term resistance levels outlined in the previous August update and is now consolidating orderly within the mid-term support zone.
Expecting a higher low to form within 3.10–2.75, continuing base formation before a potential larger-degree breakout.
SUIUSDT Robinhood announced the listing of SUI spot trading. SUI is the native token of the Layer-1 Sui blockchain developed by Mysten Labs. Previously, the official SUI blog had published this news in advance but later deleted it
SUIUSDT has respected the mid-term support highlighted last week and is advancing toward the next mid-term resistance zone: 4.20-4.55.
Consolidation from current levels or the upcoming resistance, featuring a series of higher lows, would strengthen the macro bullish structure from the April low, potentially paving the way for a more sustained advance into Q4.
SUIUSDT.P is showing a constructive reaction from the mid-term support zone. As discussed in my Sunday’s crypto market review for the altcoin sector, I expect an uptrend to continue into late August, likely followed by a period of consolidation through middle to late Autumn. Ideally, the price forms a higher low during this phase, setting the stage for a significant breakout toward the end of the year or into early next year.
SUIUSDT Locally, a trendline is acting as resistance.
