SUI has been trading in a prolonged accumulation phase around the psychological round number of $1

After a long markdown phase, price is now stabilizing within the green range, showing signs of base building rather than continued weakness.

For the bulls to take over and officially kickstart the markup phase, a break above the upper bound of the green range is needed

Until then, this remains an accumulation environment.

Big moves often start from quiet ranges.

Will SUI finally break out?

️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.