Good morning everyone. Currently, $SUI from the 1-hour timeframe shows that SUI is in a relatively standard bullish structure. After the price stabilized around 0.90, it gradually formed a pattern of higher lows and higher highs, especially during the upward move after the 14th, which exhibited a clear acceleration trend, indicating that short-term funds are actively pushing, and the bulls still hold dominance.

However, the current price has already approached the previous high (around 1.00), which is a clear resistance zone and also a densely traded area within the entire range. The chart shows multiple attempts to break higher, each resulting in upper shadows, indicating selling pressure above is beginning to release. The short-term market is entering a high-level consolidation and rotation phase rather than a continuous upward trend.
In terms of volume, although there has been recent increased trading activity, it has not resulted in an effective volume breakout. Instead, there has been some volume stagnation at high levels, which usually suggests that bullish momentum is weakening. Short-term traders should be cautious of a pullback or consolidation.
Next, focus on two key zones: one is around 0.96–0.97, serving as short-term structural support. If broken, the trend is likely to shift into consolidation; the other is around 0.91, which is the core support of this upward structure. A break below this level could mean the trend is at risk of being broken.
Overall, the current position is more about observation and waiting for confirmation. If an effective volume breakout above 1.01 occurs later, the trend may continue; if short-term support is broken, caution is needed for a pullback. Trading is more suitable after the structure is clearly confirmed, rather than chasing high prices.