SUI 6H – Higher Low Off Rising TrendlineSUI / TetherUSBINANCE:SUIUSDTBKVIPSui is trading around 0.9329 on the 6H timeframe after bouncing off the ascending trendline for the second time, now pressing the horizontal level near 0.9350 after a recovery from the early November low near 0.8600. The structure here began with the September 15 low near 0.6750, where the rising trendline originates. SUI broke out through 0.9350 and 1.0500 and reached a high near 1.2900 on September 28. A range between 1.0500 and 1.2600 followed, with a lower high near 1.2600 on October 5 before the decline started. Since then SUI has printed lower highs near 1.1400 and 1.0550 while price drifted back into the 0.9000 to 0.9400 range. The October 30 flush wicked down to 0.8300 and tagged the trendline before being bought back, and the early November dip held higher at 0.8600. Price is currently consolidating at 0.9329 after a spike to 0.9570, with a higher low on the second trendline test and the 0.9000 range support just below. Key Levels To Watch: → 1.2900 September 28 high, breakout extension top → 1.2600 October 5 lower high, major resistance → 1.1400 Mid October lower high, first major target on a bounce → 1.0550 October 21 lower high, first level to reclaim → 0.9570 Recent wick high, immediate resistance → 0.9329 Current price, pressing horizontal level → 0.9000 Prior range support, first level to hold → 0.8600 Early November wick low, higher low → 0.8300 October 30 wick low, trendline support → 0.6750 Trendline origin, September 15 low A hold of 0.9000 and a reclaim of 0.9570 and then 1.0550 would confirm the trendline bounce and set up a rotation toward 1.1400, with a break above it putting the 1.2600 lower high back in view. Losing 0.9000 would bring the 0.8600 higher low back into focus, and a loss of the 0.8300 wick low and the trendline would be the first real break of structure since mid September, exposing a much deeper retracement toward the 0.7300 area. Hold 0.9000 and the trendline and SUI builds toward the lower highs above. Lose 0.8300 and this pullback extends toward lower support. Bias stays neutral to cautiously bullish given the higher low on the second trendline test, but the series of lower highs means 1.0550 needs to be reclaimed to confirm the next leg higher.