SUI is currently testing the 4-hour 200MA, indicating a potential bullish trend shift. The token has increased by 6.89% in the past 24 hours, forming a higher-low structure following a December pullback. A successful break above the 200MA could set sights on a target of $1.80. The 4-hour 200MA and 200EMA are critical resistance levels, representing a significant supply zone and bearish trend resistance. A decisive close above these levels may trigger buying interest and short-covering. SUI is trading at $1.65, with a market cap of $6.16 billion and 3.73 billion tokens in circulation.