Coiling for a Breakout – Watch This LevelAfter a strong upward move, BYBIT:SUIUSDT is currently consolidating in a sideways range, forming what appears to be a falling wedge pattern — a classic bullish continuation setup.
If this pattern plays out, there's a good chance the price will resume its uptrend, supported by a bullish divergence forming within the wedge. The key level to watch is the resistance at 4.0040. A clean breakout above this level should be backed by strong momentum. However, if the price breaks above but quickly drops back below 4.0040, it could signal a lack of buying pressure — increasing the risk of a failed breakout.
This bullish scenario remains valid as long as the price holds above 3.5868. The next potential upside targets are 4.7996 and 5.0552.
Keep an eye out for a high-volume breakout and a strong candle close above 4.0040 to confirm the move.
What’s your take on BINANCE:SUIUSDT ?
Bullish Divergence
Bullish Divergence.
Bullish Divergence.
Weekly Closing above 51.30 - 51.50
would be a healthy sign.
However, 55 is an Important Resistance level.
immediate targets if 51.50 is Crossed & Sustained
will be around 55 & then 58.
Since it is moving in a range, so both sides must be
kept in mind.
Support Zone is around 45 - 47. & this time if it
breaks 44, we may witness further downside. which is
(for the time being) negligible because of Bullish Divergence.
Bullish Divergence on bigger time frames.
Bullish Divergence on bigger time frames.
Currently in a Consolidation box.
Those who cant wait for long, should wait
for the breakout around 9.
Upside targets can be around 11 - 11.50
initially.
Strong Support seems to be around 6.
On the flip side, if this Support is broken,
the next levels would be around 3.
No Bearish Divergence on Monthly Tf.No Bearish Divergence on Monthly Tf.
But 39-40 is a Very Strong Resistance
that needs to Cross & Sustain with Good Volumes to
reach 45 - 46 & then 50+
We should not ignore that it has taken Support
from a Very Important Fib level around 32.40
Monthly Closing above 33.60 would be a Very Healthy sign.
So any dip towards 32.50 - 33.50 can be a Buying Opportunity.
However, it should not break 31.80 otherwise we
may witness further Selling Pressure towards 28.50 - 28.70