SUI's price is maintaining its position above the $1.60 support level, trading within a well-defined uptrend channel since early 2024. Analysts highlight the structural strength of SUI, with the weekly chart showing controlled pullbacks and an increasing number of lows despite recent volatility. The first upside target is $2.60, with potential to reach $4.20 if the channel's upper boundary is tested. Momentum indicators suggest a potential upward reaction, as SUI recently tagged the lower channel trendline with oversold momentum readings. This setup, described as technically sound, indicates a possible continuation of the uptrend if short-term resistance levels are surpassed. The monthly chart supports a long-term uptrend, with potential for significant gains if the $1.60 support holds. Analysts also note a descending resistance line forming a falling wedge pattern, which could lead to a breakout towards $7.20. However, this scenario depends on a confirmed breakout above the descending resistance, with current consolidation offering a favorable risk-to-reward ratio for trend followers.