SUI Compresses at Support as Breakout Setup Develops

SUI is trading near the lower boundary of its broader range after a prolonged sell-off, with price hovering around $0.89.

The comment about the structure, shared by GainMuse, highlights tightening compression beneath a descending resistance line, while horizontal support continues to hold near recent lows.

According to the chart analysis, this is not an expansion phase but a base-forming attempt. Price action is coiling within a triangle pattern, reflecting reduced volatility after aggressive downside pressure earlier in the month.

Triangle Resistance Becomes Key Trigger

GainMuse notes that SUI is attempting to build a higher low beneath the descending resistance line. The setup suggests accumulation behavior rather than immediate breakdown, though confirmation is still required.

A decisive breakout above triangle resistance could trigger momentum expansion toward the upper channel boundary. The broader structure indicates that reclaiming the $0.92–$0.95 region would shift short-term structure from compression to recovery.

However, failure to hold the $0.87–$0.88 support zone would postpone the bullish breakout scenario. A breakdown from the current triangle could accelerate quickly due to the tight structure and prior trend weakness.

TradingView Data Shows Volatility Compression

The TradingView chart shows declining volatility following a sharp drop toward the $0.87 region. Volume has moderated compared to earlier sell-off phases, suggesting that forced liquidation pressure may be cooling.

Despite this, SUI remains below its descending resistance line, meaning buyers have not yet regained structural control.

The current phase represents compression at range lows rather than confirmed reversal. As GainMuse’s structure suggests, the next decisive move will likely occur once price escapes the tightening triangle formation.

SUI remains in a decision zone, with breakout confirmation required before momentum can meaningfully shift.

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