Key Bounce at 1.41: SUI Tests Critical Extension Support<\/h2>\n
According to a recent update<\/a> by More Crypto Online, SUI is currently bouncing from the 100% extension at $1.41, a zone that has consistently served as an important area of support<\/a>. This reaction marks the first meaningful attempt by buyers to halt the recent downside pressure.<\/p>\n From here, price is now approaching a major resistance region between $1.68 and $2.21, which is the expected zone for a potential wave 4 bounce. The analyst notes that wave 4 retracements often vary significantly in depth. Therefore, SUI may need room to fluctuate within this entire range before establishing a clearer direction.<\/p>\n A decisive break above the $2.21 level would be a significant technical signal. Such a move would suggest that SUI has completed all 5 impulsive waves to the upside, increasing the probability that a more substantial market<\/a> bottom may already be in place.\u00a0<\/p>\n For now, More Crypto Online emphasizes that the downside structure<\/a> still appears incomplete, meaning the broader corrective move could resume if SUI fails to push above resistance. The recent bounce, while constructive, has not yet reversed the macro structure.<\/p>\n This outlook also aligns with the behavior of Bitcoin<\/a>, which currently hints at the possibility of another low forming after a 3-wave corrective rebound. Such a scenario supports the idea that SUI could still have one more downward leg to finalize a full corrective pattern before a stronger recovery can begin.<\/p>\nWave 4 Takes Shape As SUI Approaches Critical Resistance Zone<\/h2>\n