Why sui can be dragged before the next bullish expansion

After a sharp 75% of the rally, SUI now shows signs of exhaustion, because it approaches the area of ​​key resistance. Although the trend remains Bullish, technical indicators suggest a healthy break on the horizon before the next exchanging spread.

The impulsive nature of SUI (SUI) A recent set reflects a strong swing. However, the price is now facing clear rejection from the resilience zone in which the range of high and levels of 0,618 Fibonacci are complex in the mouth.

This zone is not arbitrary, has been previously established as a structural ceiling, and the current failure to break through ITs is formed what seems to be a sample for swing failure (SFP). This adds the weight of the idea that the short-term move can take place as part of a larger extension of the trend.

Key technical points,

• Main resistance: Grapple of 0.618 Fibonacci’s Retrag and range high
• Viewing support levels: 2.70 to $ 2.40 (Middle and VVAP support)
• Trend structure: Potential wave 3 extension in the game after corrective movement

The potential short-term return would be technically healthy, providing opportunity for a larger low. Key monitor zones for this include the support region of VVAP, the range of 0.618, this time, this time acting on the way down. These areas serve as most likely launch points for the next leg more, potentially launch the expansion of waves 3 in the wider structure of biking.

It is also important to recognize that the market enters the balance phase, where customers and sellers compete around key levels. This type of indecision often precedes of volatility burglary, especially after a strong impulsive move. Merchants should watch for the volume and formation of candles near the wound mark support.

Significantly, while recent rally was strong, volume began to cross the cones, further supporting the case of any casualdation or correction. The price currently trades in a certain range between 2.70 and $ 2.40 and is likely to remain in this rotary zone until one of these levels stops convincingly with volume.

What to expect in the upcoming price of the store

For now, traders should stay patient. Withdrawal structure, if happens, will provide critical marks whether the next move is another explosive set or deeper return. Pause and hold above the swing high, they would undo the back of the thesis, while the bouncing from support set the stage for further upside down.