SUI - Channel Structure

SUI just printed a powerful +12.95% daily move, bouncing cleanly from the mid-range of its long-term ascending channel. This structure has been respected since mid-2023, guiding both impulse legs and corrective phases with precision.

Now trading around $3.47, the next logical magnet is the channel top near $5, especially if momentum persists and market sentiment remains risk-on.

Technical Structure:

Bullish trend within a well-defined ascending channel

Clean reaction from dynamic support (midline)

Clear higher low + breakout structure in play

Upside Target:

$5 (channel resistance)

As long as SUI holds above the rising midline (~$2.80 area), this setup remains valid for trend continuation toward the upper range.

📌 Risk Management:
Break below the midline flips the bias short-term. Until then, trend = friend.