SUI 8H – Compression at Trendline, But Which Side Snaps 1st?

SUI has been climbing a steady series of higher lows since mid-June — respecting this ascending trendline cleanly through every corrective phase. Now, price is pressing right into that same support again, but this time with bearish momentum behind it.

What makes this different?

Stoch RSI is topping out — suggesting we’re nearing short-term exhaustion

Recent candles are hugging the trendline, not bouncing off it with strength

Volume is low, structure is tight — this is where big moves are born

We’re compressing into the apex of this rising support line. If SUI holds and breaks north, the upside target sits above $4, retesting recent swing highs. If this trendline gives out, however, the next clean support is around the psychological $3.00 level — right in the middle of July’s accumulation range.