According to the external analysis, SUI had recently been under pressure and, after falling the long-term upward trend line, prices had fallen further to the lower end of the year. The ability to hold the area, which has become the most critical observation area of the time, from $0.65 to $0.68 will determine whether there is a chance of repairing the short line.

We're still weak when we break the pre-support.

In terms of movement, SUI had previously lost the US$ 0.80 to US$ 0.90. The zone, which was an important support, has now turned into a resistance above. According to the article, this change meant that the market structure remained weak and the seller temporarily took the initiative.

If the price is in the vicinity of $0.65 to USD 0.68, SUI may have the opportunity to stabilize and then try to repair it upward. However, if this support is effectively broken, markets may continue to explore and vulnerability patterns will be further strengthened.

The holding tanks are still high and the financial flows are weak.

In addition to price performance, data on derivative holding also indicate that market differences remain. It was mentioned that the SUI unsettled contract was approximately US$ 70.4 million, indicating that more of the market space remained in the process of falling prices.

However, the Chaikin Money Flow (CMF) indicator is around -0.15, reflecting the fact that inflows remain weak and sales pressure has not been significantly reduced. According to this article, there is not at present enough signal that the buyer has regained control of the rhythm.

Look above 0.80 to 0.90 dollars

If SUI holds the current support, the article gives the first target of repair between 0.80 and 0.90 US dollars. Short-line pressure can be mitigated only if the area is back on its feet.

After that, the market also needs to focus on the US$ 0.959 line and the whole of US$ 1. According to the article, the conditions for SUI to emerge from an ongoing rebound were still inadequate until the financial flows improved and prices recovered before the loss.

  • Key support: 0.65 to 0.68
  • First resistance: 0.80 to $0.90
  • Follow-up resistance: $0.959 to $1

Overall, the analysis tends more to suggest that the SUI is still in a vulnerable sorting phase. The holding up of the support areas is the central observation point for the next short-line movement.