SUI has shown resilience above the $3.60 support level as bulls aim for a target of $5.30 after a successful breakout from a falling wedge pattern. The recent move aligns with technical indicators that suggest further upside potential. An inverse head and shoulders pattern on the daily chart suggests continued bullish momentum toward the $5.60 mark. This pattern, according to analysts at Rose Premium on X, validates the bullish view as it forms a classic reversal structure. Additionally, SUI appears to be in wave V of an impulsive five-wave sequence. Despite recent losses, technical indicators reveal that the altcoin remains within a broader bullish structure.** SUI’s price has declined by 7% over the last 24 hours, but it continues to show signs of recovery with a pullback according to market trends. The RSI has also moved away from overbought territory and now sits in a neutral range. **Short-term risks persist, however, as heavy liquidations near $3.93 created downward pressure.** This was accompanied by decreased trading volume, signaling a cautious approach among market participants. A bearish divergence on the RSI suggests potential weakening momentum unless the price reclaims the $4.00 level. However, key support at $3.60 remains intact, according to Mags on X, who believes SUI is primed for significant growth and has long-term bullish prospects.