SUI Analysis: Rejection from the Bottom Accumulation phase over?

Wait 5 sec.

SUI Analysis: Rejection from the Bottom Accumulation phase over?SUI / TetherUS PERPETUAL CONTRACTBINANCE:SUIUSDT.PydnldnTechnical Analysis Points: 1. Market Structure (Bottoming Out): After a fairly long downtrend since November, the price appears to have found a "floor" in the $1.40-$1.50 range (blue box/D OB). This is a strong Demand Order Block zone, as the price rebounded significantly after touching this area in early 2026. 2. Resistance Becomes Support (SBR): The price is currently at $1.7859. Note the orange dotted line at this level; the price is struggling to hold above this level. If the price can consistently close daily above $1.80, this would be a strong bullish signal. 3. Upside Target (Supply Zone): The nearest target is in the $2.00 area. However, the major resistance target is in the upper orange zone ($2.50-$2.60). This area has significant volume (as seen from the 593.44M label), making it a tough challenge for buyers. 4. Candlestick Pattern: The last few candles have shown rejection (tails above), indicating short-term selling pressure. The price may retest (drop slightly) to the $1.70 area before continuing to rise. Draft Trading Plan (Setup): Bias: Bullish (As long as it remains above $1.50). Entry: $1.70 - $1.75 area (Waiting for a small correction). Take Profit (TP 1): $2.05 (Psychological resistance). Take Profit (TP 2): $2.45 (Major supply zone). Stop Loss (SL): Below $1.40 (If the price breaks through the blue box, the bullish scenario is invalidated).