Recently watching SUI's trend, the rebound from 1.43U to 1.53U has been quite interesting. However, in the larger framework, the entire coin remains trapped in a downtrend channel with repeated oscillations. The data is a bit disheartening—year-to-date decline has already reached 66%.

From a technical perspective, the short-term moving averages are arranged very nicely, with an obvious bullish pattern, and RSI has once surged into the overbought zone at 70. The OBV volume has directly skyrocketed by 100%, all these short-term signals point to a bullish outlook. But there's a problem: the EMA120 is still pressing down from above, and the long-term trend remains bearish.

The chart shows a bullish three-line strike pattern, which is generally considered a strong bullish signal. But then the candlestick forms a top divergence, which complicates things. MACD has crossed above the zero line, and KDJ has also formed a golden cross. Short-term rebound space still seems available.

Key levels to watch: 1.43U is the recent support line; if it breaks, it could head straight to 1.40U. The resistance above is at 1.53U; if it can be broken, 1.55U is worth looking forward to.

But to be realistic, SUI's performance this year hasn't been as impressive as similar projects. The short-term rebound is attractive, but caution is advised when chasing highs. From a larger cycle perspective, this looks more like a technical correction in a bear market rather than a genuine trend reversal.

In terms of trading strategy, short-term traders can try a light position to catch the rebound, but stop-losses must be set. Medium to long-term holders don't need to rush; wait for more convincing buying signals before considering adding to positions.