SUI Price Reaches New Resistance, Could Ignite Further Growth

Since breaking out of a long downtrend this year, Sui price has been on an upward trajectory, surging from around $5 to nearly $4.50. This impressive climb was driven by the successful escape from a bearish descending channel that persisted for months. 🛡️ Now, SUI price is currently in a cooling-off phase, trading between $3.5 and $3.7. Notably, this zone – previously acting as strong resistance – is now serving as support. 📈. The daily chart reveals a typical bullish continuation pattern with the price pulling back towards this key level. This structure resembles a bull flag, signaling potential for a next leg of upward movement if the price holds above this crucial resistance. 🐂 📊