SUI: Bounce Into Resistance... Or The Start Of A Recovery?SUI / TetherUSBINANCE:SUIUSDTDukesMarketAnalysisA Bounce From The Lows • SUI has recovered from the recent low at $0.6706 after buyers stepped in at a key support area. • The rebound is encouraging, but it follows a sharp decline and has yet to change the broader trend. $0.83 Is The Key Level • The former support zone between $0.82 and $0.84 is now acting as the first major resistance. • If sellers defend this area once again, the primary downtrend could quickly resume. Trend Still Favours The Bears • The 100/50-day EMAs remain bearishly crossed, with price continuing to trade below both averages. • Until those moving averages are reclaimed, the longer-term technical picture remains negative. Momentum Is Improving • RSI has recovered back towards the 50 level, suggesting selling pressure is beginning to ease. • However, StochRSI has already moved into overbought territory, increasing the chances of a short-term pause. Buyers Need To Build On This Move • Breaking above the $0.83 resistance zone would be the first meaningful step towards improving the chart. • That would then shift attention towards the next major resistance around $1.04. The Bigger Picture Hasn't Changed Yet • The recent bounce shows buyers are still active at lower prices, but the overall trend remains down. • Until higher resistance levels are reclaimed, rallies are likely to be viewed as corrective rather than the start of a sustained recovery. In Summary SUI has produced a respectable bounce from its recent lows, but it is now approaching one of the most important resistance areas on the chart. The former support zone around $0.83 is likely to be closely watched by both buyers and sellers. While momentum has improved, the bearishly crossed 100/50-day EMAs continue to favour the downside. Reclaiming $0.83 would strengthen the recovery, but failure there could see the primary downtrend resume.