SUI needs a daily close above $1.08 to turn market structure bullish
SUI has extended its recent rally after the CME Group said on May 6 that Sui futures were available for trading. Technical analysis shows bulls have not yet secured a decisive daily close above $1.08, a level viewed as necessary to shift the structure bullish; a slip below $0.9575 could keep the range intact and risk a move back toward $0.845.