$SUI is showing some solid relative strength today, up +3.70% and pushing from a low of 0.6779 to a high of 0.7262. We're currently cooling off at 0.7183 on the 1H chart.

Here’s the read on the structure:
🔹 The Trend: This is a textbook uptrend. The MAs (5, 10, 30) are fanning out beautifully, with the MA30 (orange line) way down at 0.7043 acting as the ultimate safety net.
🔹 The Pullback: We just printed a red candle that pushed price below the MA5 (0.7212) and MA10 (0.7210). This is a classic rejection at the 0.7262 resistance level.
🔹 Volume: 24h turnover is 10.52M USDT, which is moderate for a Layer 1 like SUI.

My take: This is a healthy pullback after a massive run, not a reversal—yet. I'm watching the 0.7103 level (the local low of the recent candles) to hold. If bulls defend the MA30, I expect another run at the 0.7262 highs. If we lose it, we probably test the 0.7020 support zone.

Don't FOMO the green candles. Let the pullback play out. 🧘‍♂️

#SUI #Sui #Crypto