SUI/USDT Indicating Bounce and Back to upward tested on ATH!

💎 SUI has recently showcased noteworthy market dynamics, encountering rejection at the resistance all-time high (ATH) level, resulting in a downward movement towards the demand area.

💎 Currently, SUI is exhibiting signs of a potential bounce from the demand area, indicating a possible upward trajectory. If this bounce proves valid, SUI may resume its upward movement and revisit the resistance ATH.

💎 However, if SUI breaks below the demand area, it could signify a bearish trend continuation, leading to further downward movement towards the support area around 0.98.

💎 The support area holds significant importance, as a bounce from this level is crucial for SUI's potential continuation of the upward movement.

💎 Failure to bounce and a subsequent breakdown below the support would further strengthen the bearish momentum, potentially resulting in continued downward movement for SUI.