SUI 4H – Rising Parallel Channel Pullback Into Trendline SupportSUI / TetherUSBINANCE:SUIUSDTBKVIPSUI on the 4H timeframe is currently trading around 0.7387 after reaching the upper boundary of a rising parallel channel near 0.7800 on July 4 and pulling back, with price now sitting above the 0.7300–0.7310 horizontal pivot and the rising lower trendline climbing into the 0.7100–0.7200 area below. The chart shows a rising parallel channel originating from the late June lows near 0.6530–0.6590, with the lower trendline connecting the June 23 low through the June 28 higher low and the July 8 touch near 0.7000–0.7100, while the upper trendline has capped the July 4 high near 0.7800 and the late June high near 0.7400–0.7500. Price rallied cleanly from the lower boundary into the upper boundary before selling off from the July 4 high, dropping back through the 0.7300–0.7310 horizontal level and into the rising lower trendline near 0.7000–0.7100 on July 8 where it found support and bounced. Price has since recovered back above 0.7300–0.7310 and is currently consolidating just above it with the upper channel boundary near 0.7700–0.7800 as the next target above. The rising lower trendline held cleanly on the July 8 pullback and price has reclaimed the 0.7300–0.7310 horizontal, keeping the channel structure fully intact and the bullish setup valid as long as the trendline continues to hold. Key Levels To Watch → 0.7750–0.7800 – Upper channel boundary, resistance (dynamic) → 0.7500–0.7550 – Mid-channel resistance zone → 0.7380–0.7400 – Minor resistance, current price area → 0.7300–0.7310 – Horizontal pivot, current support → 0.7100–0.7200 – Rising lower trendline, dynamic support (climbing) → 0.7000–0.7050 – Prior trendline touch, secondary support → Below 0.6820 – Channel breakdown, bullish structure invalidated A hold above 0.7300–0.7310 and a push back toward the upper channel boundary near 0.7500–0.7550 and then 0.7750–0.7800 would confirm the channel structure remains intact and the pullback from the July 4 high was a normal retest of the lower trendline. A loss of the rising lower trendline near 0.7100–0.7200 on a confirmed 4H close would break the structure that has supported every low since late June, exposing price to a move toward 0.7000–0.7050 and potentially below 0.6820 on a full channel breakdown. Channel structure intact after trendline hold, price back above horizontal pivot. Hold 0.7300–0.7310 and push higher → upper boundary near 0.7750–0.7800 back in play. Lose trendline near 0.7100–0.7200 → channel structure gone, downside toward 0.6820. Bias bullish inside rising channel. Shift only on confirmed close below rising lower trendline.