Sui's price has pulled back after facing rejection near the crucial $1.40 resistance level, leaving traders wondering if bulls are preparing for another breakout attempt.
The token's recent pullback has seen it retreat to the support zone between $1.18 and $1.20, where analysts believe that a successful defense could pave the way for another move towards the key resistance area.
Rising stablecoin liquidity, growing DeFi activity, and strong derivatives positioning continue to support bullish sentiment across the Sui ecosystem.