From a 1-hour timeframe perspective, SUI is currently in a correction structure following an upward trend. The previous rally showed a clear surge above 1.00 followed by a pullback, typical of an accelerated top release pressure, then the price quickly retreated to around 0.93, indicating that funds at higher levels are actively taking profits.

Structurally, the current market has shifted from a previous single-sided rise to a high-range consolidation. In the short term, the price has repeatedly fluctuated within the 0.93–0.98 range, forming a sideways pattern. This movement is essentially a rebalancing of bulls and bears rather than a trend continuation. Especially near the 1.00 level, multiple attempts to break through have failed, indicating strong resistance at this level.

In terms of volume, there was an increase during the high point retreat, followed by gradually weakening rebound volume, showing a pattern of volume expansion during decline and contraction during rebounds. This is generally interpreted as bearish, suggesting insufficient active buying and a market more in a passive absorption state.

Key short-term levels to watch: the upper 0.98–1.00 zone remains the main resistance area. If volume cannot break through this zone, the market is likely to continue oscillating or even retest lower levels. The support at 0.93 is crucial; if broken, the price could further test 0.90 or even lower.

Overall, the current market structure leans toward sideways and weak. In trading, it’s more suitable to wait for clear signals at the edges of the range rather than frequently entering trades in the middle, to avoid wasting capital and emotional energy in high-uncertainty zones.