Technical analysis by ScottMelker about Symbol SUI: Buy recommendation (1/6/2026)

Sui looks decent here, alongside the majors that I shared yesterday. It is back above the 50 MA. We have a clear break of resistance in the 1.8 area, which is the level prices has been consolidating below. The target area above is between 2.20 and 2.30. Ideally, traders would want to see a retest of the below resistance now as support, with RSI overbought. This also had a nice volume spike on the breakout. A lot of altcoin charts are starting to look good.