SUI has broken out of the descending channel with strong volume, signaling a potential shift in momentum. However, it's currently facing resistance from the Ichimoku Cloud, which has rejected further upward movement.
A retest of the channel's breakout level is possible, and a successful break above the Ichimoku Cloud resistance could confirm the start of a bullish trend.
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#SUI/USDT ANALYSIS
SUI has broken out of the descending channel with strong volume, signaling a potential shift in momentum. However, it's currently facing resistance from the Ichimoku Cloud, which has rejected further upward movement.
A retest of the channel's breakout level is possible, and a successful break above the Ichimoku Cloud resistance could confirm the start of a bullish trend.