Sui tests rising channel support following recent rally

Sui is currently experiencing a price pullback as it tests key support levels following a significant rally from the $0.67 zone. After accelerating toward a high near $1.30, the token has seen a recent decline, trading around the $1.15 to $1.18 range.

Technical analysis indicates that the asset is testing a steep ascending trendline and a rising channel pattern. Maintaining these support levels is critical to preserving the current bullish structure. If the price fails to hold the trendline, it may retest previous horizontal support zones near $0.96.

Despite the recent selling pressure, momentum indicators such as the MACD remain positive on the daily timeframe. The Relative Strength Index (RSI) has cooled from overbought territory, reflecting a decrease in buying pressure while still maintaining relatively strong momentum.