SUI TECHNICALS 📊

Price of $SUI has been in a strong downtrend, consistently breaking through key support zones ; $3.26, $3.05, and even the $2.92 region, which previously held price up. After a clean break and close below that $2.92 level, the market dropped aggressively and tapped into a fresh demand zone sitting just above $2.34 As Previously Analyzed and Waited For . That zone has already triggered a solid reaction, showing buyers are stepping in. Price is currently trading around $2.50, just above that major purple support line.

This reaction is significant because the $2.34–$2.49 range has historically acted as a key accumulation zone. Even though the trend has been bearish, this could be the beginning of a short term reversal or at least a relief bounce. If price continues to hold above this level and starts forming bullish structure on lower timeframes, we could easily see a move back to retest $2.92 or even higher zones like $3.05 and $3.26 in the coming days.

STILL VERY BULLISH OVERALL…. This current dip looks more like a liquidity grab or a sweep before a possible rally. As long as $2.34 holds, there’s a strong chance that price takes off from here , If Not , Then A Possible Drop to $2.00 Before The Push….$SUI #NEWTBinanceHODLer