The analysis focuses on SUI/USDT. The analyst reviews higher timeframes, mentioning that the longer-term expectations remain bearish despite potential recovery. The analyst notes the short-term outlook has changed slightly due to stronger than expected volume in both futures and spot markets. The primary target is identified between 1.9 and 1.95. The analysis highlights a structure break above a key pivot point since November 20th, indicating a positive structure break. A potential downside test of the 30-day rolling VWAP at 1.7 is anticipated, and a drop below this level is considered likely, leading to testing the 7-day rolling VWAP and single prints near that level. Overall, the short-term direction is believed to be upwards, driven by imbalances.