The analysis discusses SUI's price action, highlighting its Fibonacci support area between $2.64 and $3.17. The price rallied in a five-wave move up to the July high around $4.30. This level needs to be broken for further upside. A drop below $2.65 signals a sign of failure, while $2.29 is the formal invalidation point. Volume is reducing during the wave two correction. A breakout of volume candles is a bullish sign. On smaller timeframes a move above $3.53 is a sign of bottoming, while a move above $3.87 would confirm a low.