SUI Shows Resilience Amid Market Correction
- SUI holds a key accumulation zone on the weekly chart despite a sharp correction from its highs.
- Liquidity has been swept at the lows, with a strong bullish order block between $1.50 and $1.30 remaining intact.
- Price action has delivered an approximately 45% bounce from the highlighted entry region.
- Upside targets are set at $5, $10, and $20 as long as SUI/USDT stays above the $1.20 level.
- Continued defense of the $1.20 level keeps the accumulation narrative in play.
SUI’s ability to maintain its position within a key accumulation zone highlights its resilience amid broader market corrections. The presence of a strong bullish order block and a significant price bounce indicate sustained buyer interest, suggesting that smart money may still be positioning for potential upside moves.
The critical support level at $1.20 acts as a threshold for maintaining the bullish thesis, with upside targets extending to $5, $10, and $20 if this level holds firm against market pressures.(Source)
