Technical analysis by paltena about Symbol SUI on 6/18/2025

It's been 9 days since my last Sui update. The chart looks good.For context, see the previous analysis:We started at the C wave of an ABC correction. There was an attempt to push prices higher but resistance was found at MA200. The resistance produced retrace and the same support zone is tested and holds. If a new advance develops here, which is exactly what is going to happen, then you can expect much higher prices next. This time around, MA200 as resistance will break, which means a new high. The highest prices in more than six months, since January 2025.This is where the next move will take us and this is easy to predict now that support has gone through a retest and holds.