The Trust Layer for Market Analysts

The analysis focuses on the SUI/USD pair, examining both daily and hourly charts. On the daily chart, the price action is interpreted as a potential five-wave decline, with the current movement aiming to bounce within a resistance area between $1.680 and $2.215. An alternative scenario suggests a potential low at $0.55. On the hourly chart, the price is seen moving higher in an ABC structure, with the potential for a wave B pullback before further upward movement towards resistance levels. A key aspect is whether the price can hold above $1.3721, which would indicate a continuation of the bullish outlook. A break below this level could signal further downside. The analysis emphasizes that a five-wave sequence would confirm a trend change, with bulls expected to take the lead if the price maintains support.