SUI/USDT: Key Support Test Within Ascending Channel

The SUI/USDT market recently retested the $4.00 resistance after an extended period of ranging and has since slipped toward the lower boundary of its ascending channel. The price is now approaching the $3.50 support zone, a critical area that may spark a bullish rebound and continuation of the current structure.

The trend remains defined by higher lows, with price action contained within the upward-sloping channel. A strong reaction near the blue trendline support could pave the way for a move toward the $4.50 resistance