SUI Faces Critical Resistance as Wave 4 Nears Exhaustion
- SUI is currently at the $1.41 support level, a key zone for potential market reversal.
- The price is approaching a resistance range between $1.68 and $2.21, crucial for determining the next move.
- A break above $2.21 could signal the completion of all five upward impulsive waves.
- The broader corrective move may continue if SUI fails to surpass this resistance.
SUI’s current position at the $1.41 support level marks a critical juncture as it approaches significant resistance between $1.68 and $2.21, which will determine its next market direction.
Failure to break above this resistance could lead to further downside movement, while surpassing it might indicate a completed wave structure and potential market bottom formation.
