Sui price retreats from $1.40 resistance, are bulls preparing for another breakout?
Sui price, Supertrend, and MACD chart — May 14 | Source: crypto.news The current pullback now places focus on whether bulls can successfully defend the important support zone between $1.18 and $1.20, which aligns closely with the latest breakout structure and short-term consolidation range. A look at the Supertrend indicator continues to support the bullish outlook. Notably, the indicator recently flipped bullish on the daily timeframe and currently remains well below price action, signaling that buyers still maintain broader trend control despite the latest retracement. Momentum indicators also continue to favor the bulls overall. The MACD remains in bullish territory following a strong positive crossover earlier this month, though the histogram has started gradually flattening, suggesting upward momentum may be cooling after the recent vertical rally. If SUI successfully stabilizes above the $1.20 region, bulls could soon attempt another move toward the key $1.40 resistance zone. A decisive breakout above that area could potentially open the door for a larger rally toward the psychological $1.50 level and higher resistance regions not seen since late 2025. On the downside, failure to hold above current support levels could trigger a deeper short-term correction toward the previous breakout zone near $1.05, where buyers may attempt to reestablish momentum. For