SUI trades at $1.59 after a 4.4% daily increase, recovering slightly from recent weekly declines.
The support level at $1.51 anchors the lower boundary of the current trading range.
Resistance at $1.59 forms the upper limit of the 24-hour range, creating a narrow structure.
SUI(Sui) posted a slight improvement this week after several consecutive weeks of weak performance, and the current weekly candle now trades near $1.59. The move marks a 4.4% gain over the past 24 hours and places the asset close to its stated resistance level. This shift draws attention because the price action follows an extended downward sequence across the weekly chart.
The recent stabilization above the $1.51 support creates a defined base for the current session, while the 24-hour range remains tight. These elements set the tone for market tracking as traders observe how price behaves near its immediate resistance and established support.
SUI Tests a Key Weekly Reversal Zone After Months of Downtrend Pressure
The weekly chart displays a long series of declining candles, which created a structured downtrend across several months. However, the latest movement introduces a short-term change because price now trades close to the resistance at $1.59. The gain places SUI at its current price of $1.59, aligning with the reported 4.4% daily increase.
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This shift draws interest because price returned from lower weekly levels and now interacts with a defined horizontal band. The support level at $1.51 remains central because the market continues to treat it as the lower boundary of the current trading structure. This connection between support and resistance shapes the market’s short-term reference points.
SUI Compresses Between Key Levels as Traders Watch for a Breakout
The support level near $1.51 plays a significant role because price recently hovered above it after several weekly declines. This level also anchors the current 24-hour range and offers the first reference for market reaction during any intraday pullback. However, the move toward $1.59 reduces immediate downward pressure and narrows the band in which SUI fluctuates. The chart highlights this compression, which helps traders track liquidity behavior within the current range.
The resistance level at $1.59 now defines the upper boundary of the 24-hour range. Price currently trades directly at that level, which tightens the short-term outlook. This position also allows the market to measure whether the recent bounce extends or remains limited within the narrow band. However, this observation stays linked to the established support because both boundaries outline the immediate structure. The asset’s movement between $1.51 and $1.59 therefore creates the central reference for traders monitoring SUI’s weekly recovery attempt.
