$SUI - Holding Breakout Zone

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$SUI - Holding Breakout Zone SUI / TetherUS PERPETUAL CONTRACTBINANCE:SUIUSDT.PTealstreetSUIUSDT has been in a clear downtrend since the start of June, printing a series of lower highs and lower lows while continuously losing key support levels. Price has reclaimed the previous resistance around $0.70 and is now consolidating above it, which is exactly what bulls want to see. Instead of immediately rejecting, SUI is building a higher low structure while holding above the breakout zone. As long as price can defend the $0.73-$0.74 region, I think the current consolidation can serve as a base for another leg higher. If that support holds, the next areas of interest sit around $0.78, followed by the major supply zones at $0.82 and $0.85.