The analysis on the SUIUSDT daily timeframe identifies a potential corrective bounce within a larger bearish structure. The current market action from the November swing low is identified as Wave 4, indicating a probable 3-wave upward movement. Resistance is noted to persist between $1.67 and $2.21. A sustained breakthrough above the $2.21-$2.22 level is deemed necessary to invalidate the current expectation of a significant low, as such a breakout would signify a shift from a corrective bounce to a more impulsive upward move. Absent this higher breakout, the market is anticipated to experience one additional downside movement, targeting the price range of $1.07 to $0.91. This downward movement is interpreted as Wave 5 of a larger Wave C. The overall structure is characterized as a 5-wave decline, with a potential for either an impulse or an ending diagonal pattern. The distinction is critical: an impulse would comprise five waves in Wave 5, whereas an ending diagonal would feature a 3-wave (ABC) structure for Wave 5.