Are liquidation clusters forming a near-term

Are liquidation clusters forming a near-term resistance?

 heatmap showed dense clusters between $3.80 and $4.00 at press time, areas that recently saw increased leverage exposure. 

These levels coincided with the zone where over $3 million in long liquidations, far outweighing short positions. Such zones often act as magnets for volatility and can provide strong resistance.

Therefore, reclaiming and holding above $4.00 is essential for the breakout to maintain credibility. 

If SUI fails to overcome this zone, the rally could stall temporarily before gaining renewed momentum with fresh demand inflow.

Conclusively, SUI’s breakout from the triangle pattern is supported by exchange outflows and bullish technical structure.

However, weak sentiment, dominant sell pressure, and overhead liquidation clusters suggest near-term resistance. 

If SUI clears the $4.00 zone with strong buyer support, the path to $7 becomes more plausible. For now, cautious optimism prevails.